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Neighborhood Prog    
Date:   11/19/08   Current Time:
         
   
   
 
   

NEW VILLAGE CORPORATION

Sometimes the real estate projects with the greatest potential to transform Cleveland’s neighborhoods are too risky for private developers to accomplish on their own.  Sometimes they involve too many sub-projects – brownfield cleanup, multiple contractors, project marketing – for community development corporations to attempt by themselves.  The New Village Corporation make these complex real estate deals work.  Here’s how:

  • We help conduct feasibility studies to find projects with the best chances for success.
  • We help assemble the land and secure risk capital.
  • We find low-cost financing.
  • We bring nonprofit and for-profit developers together.
  • We leverage our investments, usually combining $10 dollars’ worth of private and public money for every dollar from New Village Corporation.
  • We know Cleveland.  We understand its unique history, personalities and its occasionally Byzantine development process.  We use our strong relationships with Cleveland’s public, business and philanthropic leaders to navigate the system and remove obstacles.