Project Type(s): Community, Historic Rehabilitation, Recreation, and YMCAs and YWCAs
Project Year: 2018
CDE(s): Cincinnati Development Fund and IFF
NMTC amount: $500,000
Total Project Costs: $1,600,000
Major update of YWCA Dayton centers on trauma-informed care. A gut rehab of the seven-story, 118,000-square-foot building began this year with blended funding from historic tax credits, New Markets Tax Credits, supportive housing vouchers, and a capital campaign. As part of IFF’s special lending partnership with Cincinnati Development Fund (CDF), IFF approved a $1.6 million loan to bridge committed capital campaign funds and allow construction to begin. Because some capital campaign dollars were received sooner than anticipated, YWCA Dayton ended up borrowing only $500,000 from IFF/CDF.