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, President of Village Capital Corporation at 216.453.1454 or DAlexander@ClevelandNP.org

VCC Board of Trustees 2021

Mr. Nelson Beckford Program Director, Neighborhood Revitalization & Engagement
Ms. Dorothy Curtis Vice President of Community Development, Dollar Bank
Mr. William Dalman Sr. VP/Regional Mgr. Commercial Real Estate, Huntington Bank – Chair
Mr. David Ebersole Director of Economic Development, City of Cleveland
Mr. David Eddy Vice President and Relationship Manager, PNC Bank
Mr. Emmanuel T. Glover – Treasurer
Ms. Keisha Gonzalez Program Manager, Social Impact Investing & Community Development Initiatives, The Cleveland Foundation
Ms. Yvette Ittu Executive VP of Finance & Operations, Greater Cleveland Partnership
Mr. Mark McDermott VP & Central Region Director, Enterprise Community Partners
Ms. Tania Menesse President and CEO, Cleveland Neighborhood Progress – Vice Chair
Mr. Len Olsavsky Senior Vice President- Market Manager, US Bank – Commercial Real Estate
Ms. Patricia Ramsey VP, Community & Economic Development, Fifth Third Bank – Secretary
Mr. Michael Shea Director of Development, TOBER Building Company
Mr. Peter Snavely Jr. Vice President of Development, Snavely Group
Ms. Linda Warren Sr. Vice President of Placemaking, Cleveland Neighborhood Progress
Mr. Gordon B. Wean Chairman of the Board of Directors, The 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
J.P. Morgan Chase Foundation