Greater Cleveland Habitat for Humanity – Buckeye-Woodhill Project

The NMTC helps finance Greater Cleveland Habitat for Humanity’s transformative scattered site homeownership development and spur local investment in Cleveland’s severely distressed Buckeye-Woodhill neighborhood

Investment

  • NMTC Amount: $3
  • Total Project Cost: $4

IMPACT

  • 21 green and sustainable affordable homes supported

Investor

Project Description

Greater Cleveland Habitat for Humanity was founded in 1987 by a group of dedicated volunteers who shared a vision to revitalize Cuyahoga County neighborhoods and help local hard-working, low-income families help themselves create strength, stability, and self-reliance. The organization has completed and sold more than 300 decent and affordable homes in one of the most distressed urban areas across Cleveland. In 2021, they undertook a new project to bring 21 affordable homeownership units to Cleveland’s Buckeye-Woodhill neighborhood.

NMTC financing totaling $2.5 million allowed for the completion of the transformative project without the need for additional high-interest loans or other debt. The new homes have helped to accelerate the revitalization of one of the most neglected communities in Cleveland. Upon completion in 2022, the project brought 21 new EnergyStar and Enterprise Green Communities certified homes to the neighborhood, promoting long-term sustainability.

The project was part of the Cleveland Metropolitan Housing Authority’s Choice Plan and was the first project to receive funding from the Mayor’s Neighborhood Transformation Initiative, a $65 million effort to invest in historically disinvested neighborhoods in the city. Community members and elected officials alike credit the development for spurring more investment in the neighborhood area than they have seen in decades, helping to slowly dismantle the effects of years of disinvestment, abandonment and redlining.

PDF Profile

Other Ohio Projects

The 40,000 sq. ft. state-of-the-art facility includes 80 staff offices and a Central Kitchen to provide meals to local homeless shelters.

The Avenue District project entailed development of underutilized surface parking lots in downtown Cleveland into an eight-story, new construction, for‑sale housing project with street-level retail as well as for-sale townhome

NMTC financing supported a 31 unit assisted living and skilled nursing facility in rural Eastern Ohio.
Construction of a 189,000 sq. ft. commercial office building to be leased for 17 years by the University of Cincinnati.