New Markets Tax Credit Coalition

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Van Wert Forward

Investment

  • NMTC Amount: $12,250,000
  • Total Project Cost: $11,889,611

IMPACT

  • 37 FTE jobs
  • 274 construction jobs
  • 12,885 sq. ft. of real estate

Project Description

One phase of Van Wert Forward that consists of the rehabilitation and revitalization of one (1) historic property around the main intersection of historic downtown Van Wert to create approximately 12,885 sq. ft. of commercial space. The project will provide much-needed commercial and retail space on flexible lease terms to tenant businesses, who in turn will provide quality jobs, training opportunities, needed commercial and community goods and services, and enhanced quality of life for individuals, including Low-Income Persons, within the project area.

MAP

Address: , Van Wert, OH 45891

Census Tract: 39161020900

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The Akron Community Revitalization Loan Fund helps enable business development projects in distressed census tracts and urban areas in Akron. DFWR, contracted with Cleveland-based Village Capital Corporation, applied its development