Grace Woods Senior Living

Salem,
OH
(2022)

Grace Woods Senior Living

Loan Fund, Nursing Homes and Hospice

NMTC financing supported a 31 unit assisted living and skilled nursing facility in rural Eastern Ohio.

Investment

NMTC Amount: $1,000,000
Total Project Cost: $1,000,000

IMPACT

7 FTE jobs
8 construction jobs
The project also retains a total of 20 existing jobs.

CDEs

Greenline Ventures

Investor

US Bank

Project Description

NMTC financing supported a 31 unit assisted living and skilled nursing facility in rural Eastern Ohio. Financing to be used to pay off higher rate debt and make capital improvements to the facility.

MAP

Address: 1166 Benton Road, Salem, OH 44460

Other Ohio Projects

Jobs Café

Cincinnati,
OH
(2017)

Community, Historic Rehabilitation, Incubator, Mixed-use, Retail, Vocational Training

CDE(s): Chase, Cincinnati Development Fund, National Trust Community Investment Corporation, Urban Action Community Development

Rehab and construct mixed-use office, residential and business incubation space with all related grounds and facilites.

Madcap Education Center

Cincinnati,
OH
(2017)

Daycare and Early Childhood, Mixed-use

CDE(s): Cincinnati Development Fund, USBCDE

NMTC supported renovation and expansion of an existing building for use as The Madcap Education Center.

Rural King – Waverly II Project

Waverly,
OH
(2021)

Manufacturing, Retail

CDE(s): Finance Fund

Rural King used the proceeds of a NMTC Loan to finance acquisition and installation costs of certain equipment and machinery to be used by Rural King in its 1,000,000 sq.

Wilmington College Sports Science Center

Wilmington,
OH
(2014)

Adult Education, College or Vocational Training, Community, Healthcare, Recreation, Rural

CDE(s): Finance Fund

A new, 48,100 sq. ft. complex on the Wilmington College campus is bringing jobs, an athletic training program and medical services to a non-metro Clinton County community.