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
Request for Proposals
Village Capital Corporation is seeking proposals for the development of an independent website. As VCC continues to grow and develop new and innovative programs, the organization aims to establish a stronger web presence to better reach and serve its clients and partners. This new website should also serve as the foundation for more assertive marketing efforts in the future. It will host important organizational information, allow for enhanced branding opportunities, and promote VCC-led programs, services, and lending products. Additional information about this RFP can be found below:
Posted: January 28, 2022
Deadline for submissions – February 28, 2022
For specific questions concerning this RFP, please contact Jeff Kipp of Civic Push Consulting at email@example.com.
VCC Board of Trustees 2021
Mr. Sean Apicella Senior Vice President, S & T Bank l Commercial Banking-Real Estate Finance
Mr. Terry Coyne Vice Chairman, Newmark
Mr. David Eddy Vice President and Relationship Manager, PNC Bank – Chair
Mr. Emmanuel T. Glover VSVP/Director of CARA & Fair Lending, Bell Bank –Treasurer
Ms. Keisha Gonzalez Program Director, Economic and Community Dev. & Social Impact Investing, The Cleveland Foundation
Ms. Yvette Ittu Executive VP of Finance & Operations, Greater Cleveland Partnership
Ms. Tania Menesse President and CEO, Cleveland Neighborhood Progress – Vice Chair
Mr. Peter Snavely Jr. VP of Development, Snavely Group
Ms. Linda Warren- Secretary
Ms. Kayleigh M. Musil Vice President | District Manager, Global Development Network Board Grow Director
Mr. Kyle J Kolesar Senior Vice President | East Team Lead, Key Community Development Lending
Mr. John Hairston III Vice President | Treasury Management Area Manager, Fifth Third Bank
Ms. Kandis Williams Executive Director, LISC Cleveland | Local Initiative Support Corp.
Mr. Morton D. Stanfield, Jr. Senior Vice President of Community Development, Dollar Bank | Federal Savings Bank
INVESTORS / SUPPORTERS
The Cleveland Foundation
Enterprise Community Loan Fund
The George Gund Foundation
U.S. Department of Treasury’s CDFI Fund
Cleveland Development Advisors
Fifth Third Bank
J.P. Morgan Chase Foundation