Ronald McDonald House Cleveland (2019)

Cleveland, OH

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NMTC Amount: $11,129,865

Total Project Cost: $11,129,865

COMMUNITY IMPACT

As the number of families with children needing Cleveland-area pediatric medical care continues to grow, Ronald McDonald House Cleveland (RMH) has been unable to keep pace with demand for their low-cost residential and supportive services – turning away some 600 families each year due to lack of available rooms. An $11.2 million, 20,000 sq. ft. expansion added 17 new guest rooms to the current 37. Finance Fund provided RMH with $9.2 million in federal and $2.56 million in state New Markets Tax Credits (NMTC) toward the construction project, which employed 40 workers. The Cleveland area served by this project has a 30.5 percent poverty rate and 17.3 percent unemployment.

  • In addition to new guest rooms, the project:
  • Renovated and reconfigured existing guest rooms
  • Increased the number of handicap accessible rooms from two to 16
  • Added office, meeting and storage space to accommodate growing program needs
  • Added two new common areas for families to relax, and a bigger recreation room to meet the needs of ill children and their siblings

“The demand for our services far exceeds the House’s current capacities,” said Craig Wilson, RMH Executive Director. “We’re answering the needs of our families by constructing this wing, which will add much needed space for us. Finance Fund provided the crucial initial investment that enabled financing for this project to go forward,” Wilson said. “We are indeed grateful.” This project is a prime example of how the New Markets Tax Credit program continues to positively impact Ohio’s communities – providing employment opportunities, helping Ohio families and increasing the services offered by RMH, a proven provider.

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