New Markets Tax Credit Coalition

Search

Providence House

Investment

  • NMTC Amount: $9,500,000
  • Total Project Cost: $9,500,000

IMPACT

  • 25 FTE jobs
  • 35 construction jobs
  • 460 patients served
  • 220 additional children and 120 families in crisis served

Investor

Project Description

Providence House provides emergency shelter and crisis care to children newborn to 12 years old. At Providence House, children find safety and comfort in a home-like setting before abuse or neglect occurs while connecting families to partner community organizations to stabilize family crisis, improve parenting skills, and preserve the family or find alternative long-term care for children. During their stay, children receive free shelter, basic personal necessities, medical care, developmental and educational enrichment, and love. Providence House flagship facility is located in Ohio City on Cleveland’s west side. CNMIF II closed on $9.5M of Federal NMTC allocation on February 17, 2022. The NMTC allocation is providing financing for Providence House to add a second crisis nursery in the Buckeye Neighborhoods on Cleveland’s east side. This new expansion will add 20 beds (over 240 children annually); serve an additional 120 families in crisis; and provide community resources to 220 additional families through outreach and continued partner referrals. The NMTC Investor is PNC.

MAP

Address: 11801 Buckeye Avenue, Cleveland, OH 44120

Census Tract: 39035119402

Other Ohio Projects

Citylink Center Expansion is a development within Cincinnati's West End neighborhood.
This project brings a healthy foods grocery to the Central Business Distract and Over-the-Rhine neighborhoods of Cincinnati.
Financing for a multimillion-dollar project creating new jobs in the northwest Dayton area.
Construction of new Neuroscience Institute facility and parking garage, and acquisition of equipment and machinery for owner-occupied hospital.