Cleveland Development Advisors

Check out this short recap of the CLE EDI Closing Reception! We are grateful to all the individuals in the development ecosystem who have supported this initiative thus far. We are still accepting applications for the 2024 – 2025 CLE EDI Cohort!   Apply by July 29th: https://lnkd.in/edBdbniw https://lnkd.in/eqcpbeUa #CLEEDI #GreaterCLE #equitabledevelopment #clevelanddevelops #communitydevelopment #developersofcolor #Cleveland #CDFI Capital Impact Partners, Cleveland Neighborhood Progress, Greater Cleveland Partnership Funders: KeyBank, Huntington National Bank, Cleveland Foundation, The George Gund Foundation, Bank of America, NAIOP Northern Ohio

The Dream Factory was one of Cleveland Development Advisors first New Markets Tax Credit investments 20 years ago. Congratulations to Nottingham Spirk on the #DynamicBusiness they have built right here in the heart of #Cleveland. #NMTC

Listen to some of the members of the first EDI Cohort; Andre Bryan, Jimi Oluwabiyi, and Jermaine Brooks on Ideastream Public Media. As they discuss their experience with the CLE EDI program. We are still accepting applications for our next cohort till July 29th. Apply Now https://lnkd.in/edBdbniw https://lnkd.in/ew_JzYVW

Tune into Ideastream Public Media’s Sound of Ideas today at 9:20 a.m. to hear from winners of the 1st Cleveland Equitable Development Initiative real estate developer pitch, a program spearheaded by CDA and Cleveland Neighborhood Progress. Listen at 89.7 FM or tune into WKSU online here: https://lnkd.in/gKWCtMTb

We are still seeking applications for the 2024 – 2025 Cleveland Equitable Development Cohort! Cleveland Mayor Justin Bibb said of the program that real estate “is not an easy industry to break into and this is a long overdue investment to help more minorities successfully navigate the industry from project conception to completion.” Apply by July 29th: https://lnkd.in/edBdbniw #CLEEDI #GreaterCLE #Equitabledevelopment #clevelanddevelopment #communitydevelopment #developersofcolor #Cleveland #CDFI Capital Impact Partners Cleveland Neighborhood Progress Greater Cleveland Partnership City of Cleveland - City Hall Justin M. Bibb Jeffrey Epstein Funders: KeyBank Huntington National Bank Cleveland Foundation The George Gund Foundation Bank of America NAIOP Northern Ohio

Filling a void and bringing hope to the Hough neighborhood. Michelle Jarboe of WEWS-TV captures how important Ninety-Four Ten Hough redevelopment project is to this community. See news clip here: https://lnkd.in/eusWCCaG Congratulations again to Dr. Gina Merritt, MBA of NREUV and thanks to all the organizations that came to the table to support the effort.  Cleveland Development Advisors Cleveland Foundation The George Gund Foundation Enterprise Community Partners Cleveland Neighborhood Progress Ohio Housing Finance Agency Greater Cleveland Partnership City of Cleveland - City Hall #AppealingCommunity #Cleveland #CLEEDI #Equitable #RealEstate #Development

Beyond thrilled for Dr. Gina Merritt, MBA and Northern Real Estate Urban Ventures LLC for getting the Ninety Four Ten Hough financing closed and happy that Cleveland Development Advisors and other partners in the #Cleveland community could come together to help close the gap to get this important project to the finish line.  Looking forward to NREUV’s next Cleveland project, the MLK Plaza redevelopment. Cleveland Neighborhood Progress  Greater Cleveland Partnership  City of Cleveland - City Hall #Appealing #Community #CLE-EDI #Equitable #RealEstate #Development

Friday was a momentous day for NREUV. We closed Ninety-Four Ten Hough (NFT) in the Hough neighborhood of Cleveland, OH, as the lead developer. NFT was another complex NREUV transaction with 14 sources of financing. NREUV strives to develop some of the most complex and impactful projects. Project Community Capital® and WFL Collective will be on the ground in Hough ensuring that residents who live at our development and in the neighborhood substantially benefit from the project. Our development partner, SLSCO LTD. from Texas, took a chance on us. They purchased the building on faith before they met us, and selected NREUV as their development partner the same way. After the project was stalled for two years, we are grateful to SLS for believing in us and allowing us to wrangle this project to a closing, as difficult as it was. A special shout-out to : Valarie J. McCall for helping NREUV get through the process with the much-needed ARPA funding to fill the project’s initial GAP. City Council President Blaine Griffin, Former Councilman Basheer Jones, Ward 7 Councilmember Stephanie Howse-Jones, and the City Council for believing in us from the very beginning. Meg Garrett for bringing this project to NREUV on SLSCO’s behalf, you have been one of our biggest champions and a very good friend. The City of Cleveland and its Community Development Staff, especially Mr. Anthony Bango, for rolling up his sleeves at the last minute to help us get this done and for finishing first—he is such a GEM. The State of Ohio Development Staff, Karla Gulker, Caroline Johnston, Shaun Sagle – they are the fastest processing state government I have ever done business with, the most encouraging, and with unmatched customer service. LaShae Gordon Strickland – NREUV Assistant Development Manager, What a #Rockstar, I am so proud of her work, she kept us all together, me on track, and just executed flawlessly. Thanks to Ayonna Blue Donald and Keisha M. González – These sisters are consummate professionals and true believers in the mission: supporting communities of color and supporting black female developers – both of which are the most challenging things one can decide to do for their careers. Finally, to the host of lenders and investors who hung there with us for the last two slow and difficult years and the new ones who helped us close the AP and get to the finish line – CREA, LLC, JLL, Citizens Bank, Ohio Housing Finance Agency, Cleveland Development Advisors, WFL Collective, Enterprise Community Loan Fund, Inc., Village Capital Corporation, The George Gund Foundation, and the Cleveland Foundation. On to the next project: MLK Plaza, a four-phase project with affordable housing, a market hall focused on brown and black businesses, and homeownership. Thank you all for the support, please forgive me if I left anyone out, I used so much brain capacity to get this done so if I did leave you off it was completely unintentional. With boundless love. www.ninetyfourten.com

Friday was a momentous day for NREUV. We closed Ninety-Four Ten Hough (NFT) in the Hough neighborhood of Cleveland, OH, as the lead developer. NFT was another complex NREUV transaction with 14 sources of financing. NREUV strives to develop some of the most complex and impactful projects. Project Community Capital® and WFL Collective will be on the ground in Hough ensuring that residents who live at our development and in the neighborhood substantially benefit from the project. Our development partner, SLSCO LTD. from Texas, took a chance on us. They purchased the building on faith before they met us, and selected NREUV as their development partner the same way. After the project was stalled for two years, we are grateful to SLS for believing in us and allowing us to wrangle this project to a closing, as difficult as it was. A special shout-out to : Valarie J. McCall for helping NREUV get through the process with the much-needed ARPA funding to fill the project’s initial GAP. City Council President Blaine Griffin, Former Councilman Basheer Jones, Ward 7 Councilmember Stephanie Howse-Jones, and the City Council for believing in us from the very beginning. Meg Garrett for bringing this project to NREUV on SLSCO’s behalf, you have been one of our biggest champions and a very good friend. The City of Cleveland and its Community Development Staff, especially Mr. Anthony Bango, for rolling up his sleeves at the last minute to help us get this done and for finishing first—he is such a GEM. The State of Ohio Development Staff, Karla Gulker, Caroline Johnston, Shaun Sagle – they are the fastest processing state government I have ever done business with, the most encouraging, and with unmatched customer service. LaShae Gordon Strickland – NREUV Assistant Development Manager, What a #Rockstar, I am so proud of her work, she kept us all together, me on track, and just executed flawlessly. Thanks to Ayonna Blue Donald and Keisha M. González – These sisters are consummate professionals and true believers in the mission: supporting communities of color and supporting black female developers – both of which are the most challenging things one can decide to do for their careers. Finally, to the host of lenders and investors who hung there with us for the last two slow and difficult years and the new ones who helped us close the AP and get to the finish line – CREA, LLC, JLL, Citizens Bank, Ohio Housing Finance Agency, Cleveland Development Advisors, WFL Collective, Enterprise Community Loan Fund, Inc., Village Capital Corporation, The George Gund Foundation, and the Cleveland Foundation. On to the next project: MLK Plaza, a four-phase project with affordable housing, a market hall focused on brown and black businesses, and homeownership. Thank you all for the support, please forgive me if I left anyone out, I used so much brain capacity to get this done so if I did leave you off it was completely unintentional. With boundless love. www.ninetyfourten.com

When complete, it is envisioned that African Town Plaza will be a key gathering place and cultural touchstone for the Fairfax neighborhood, and Cleveland Development Advisors is happy to be working with James Sosan to help him kick start the project. Read article by Stan Bullard: https://lnkd.in/eCADRnXk Fairfax Renaissance Development Corporation  Cleveland Neighborhood Progress Greater Cleveland Partnership City of Cleveland - City Hall #Appealing #Community #CLE-EDI #Equitable #RealEstate #Development