Private capital for underserved areas.
The Development Fund of the Western Reserve (DFWR) is a certified Community Development Entity (CDE) that uses New Markets Tax Credit (NMTC) financing to attract private investment to create sustainable jobs and provide crucial services in new markets and economically distressed communities.
Unlock New Market Tax Credits for Your Project
The New Markets Tax Credit (NMTC) program is a financing tool, designed to attract capital to low-income communities by providing investors with a federal tax credit for investments made in businesses or economic development projects located in some of the most distressed communities in the nation.
DFWR has a successful track record of investing its NMTC allocation in projects that have a high impact in our region. To date, DFWR has invested $163.4 million of allocation in 30 projects that leveraged over $300 million in additional investment in severely distressed communities in Northern Ohio.
How It Works
DFWR Impact stories
Here are a few ways we’ve helped our clients find success.
Signature Health Ashtabula
With an $8 million NMTC allocation from DFWR, Signature Health Ashtabula (a Federally Qualified Health Center (FQHC)) acquired and renovated a historic building in the city of Ashtabula to expand their health care services (including mental health, addiction, primary care, and pharmacy) for the non-metro county of Ashtabula, a designated health care shortage area.
CHC Addiction Services
With an $8 million NMTC allocation from DFWR, Signature Health Ashtabula (a Federally Qualified Health Center (FQHC)) acquired and renovated a historic building in the city of Ashtabula to expand their health care services (including mental health, addiction, primary care, and pharmacy) for the non-metro county of Ashtabula, a designated health care shortage area.
Work With Us
Share your vision for the future — we’re here to help make it happen and uplift the community together.