Village Capital Corporation

 

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Neighborhood Progress provides real estate financing to catalytic community projects through its wholly-owned subsidiary, Village Capital Corporation.

Village Capital, founded in 1992, is a AERIS-rated, Community Development Financial Institution as certified by the U.S. Department of Treasury’s CDFI Fund. Village Capital’s objective is to provide financing for catalytic real estate projects that strengthen and revitalize communities. Village Capital is strong community partner that brings local expertise and financing assistance to high profile and challenging development projects.Village Capital finances market-rate and affordable residential, commercial, retail, industrial, as well as mixed-use real estate projects in Northeast Ohio. Village Capital provides acquisition, construction and permanent loan facilities to its borrowers, both for-profit and non-profit.
Over our history, Village Capital has provided nearly $100 million in loans to support almost $1 billion total development costs for over 200 separate real estate projects. Village Capital’s financing activities have helped to create and preserve over 8,100 residential units and nearly than 2 million square feet of commercial space.
For more information, contact Dione Alexander,  Sr. Vice President of Lending at 216.453.1454 or DAlexander@ClevelandNP.org

Board

OFFICERS
Michael Taylor / Chairman – PNC Bank
Joel Ratner / Vice Chair – Cleveland Neighborhood Progress
Stephanie McHenry / Vice Chair – Cleveland State University
William Dalman / Treasurer – Huntington Bank
Patricia Ramsey / Secretary Fifth Third Bank

MEMBERS
Norm Bliss – Key Bank
Stephen Caviness – Cleveland Foundation
Dorothy Curtis – Dollar Bank
David Ebersole – City of Cleveland, Dept. of Economic Development
Emmanuel Glover – First Merit Bank
Yvette Ittu – Greater Cleveland Partnership
Mark McDermott – Enterprise Community Partners
Alexandra McFadden – Cleveland Foundation
Linda Warren – Cleveland Neighborhood Progress
Gordon B. Wean – Raymond J. Wean Foundation


INVESTORS / SUPPORTERS

The Cleveland Foundation
Enterprise Community Loan Fund
The George Gund Foundation
Huntington Bank
US Bank
U.S. Department of Treasury’s CDFI Fund
Cleveland Development Advisors
PNC Bank
Fifth Third Bank
Dollar Bank