NEIGHBORHOOD PROGRESS PROVIDES REAL ESTATE FINANCING TO CATALYTIC, COMMUNITY PROJECTS THROUGH ITS WHOLLY-OWNED SUBSIDIARY, VILLAGE CAPITAL CORPORATION.
Village Capital was founded in 1992 and is a CARS-rated, certified Community Development Financial Institution with the U.S. Department of Treasury’s CDFI Fund.
Village Capital finances market-rate and affordable residential, commercial, retail, industrial, as well as mixed-use real estate projects in Northeast Ohio. Village Capital primarily provides pre-development, acquisition, construction and mini-perm loan facilities to its borrowers, both for-profit and non-profit.
Village Capital’s objective is to approve financing for catalytic projects that have community support and that advance the strategic efforts of a community. Village Capital is strong community partner that brings local expertise and financing assistance to high profile and challenging development projects.
Over our history, Village Capital has provided over $65 million in loans to support over $873 million in total development costs for more than 200 separate real estate projects. Village Capital’s financing activities have helped to create and preserve over 7,400 residential units and more than 1.7 million square feet of commercial space.
For more information, contact Kandis Williams, Vice President for Community Finance, at 216.453.1454 or kwilliams@npi-cle.org.
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PARTNERS/FUNDERS
- The Cleveland Foundation
- Enterprise Community Loan Fund
- The George Gund Foundation
- Greater Cleveland Partnership
- Huntington Bank
- US Bank
- U.S. Department of Treasury’s CDFI Fund