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1350 Euclid Ave., Suite 800 |
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The Northeast Ohio
Development Fund (NEODF) is a Cleveland community development entity. It
received a
$47 Million allocation through the New Markets Tax Credit program in May
2004. The allocation
enables NEODF to support economic development by providing investment
capital primarily in the form of loans to projects and businesses in the
low-income communities of Cuyahoga County. Specifically, it allows NEODF to
offer below-market interest rate terms, longer than standard amortization
and higher loan-to-value ratios for borrowers.
NEODF was developed through a collaborative agreement among the equity partners of Cohen & Company, Ariel Ventures, LLC, and the Cleveland-Cuyahoga County Port Authority. |
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| How to contact NEODF | ||
| If you have a project you'd like NEODF to consider for financing, please contact Randy Myeroff, Cohen & Company's CEO. | ||
