DEVELOPMENT FUND OF THE WESTERN RESERVE (DFWR) | DEVELOPMENT FINANCE AUTHORITY OF SUMMIT COUNTY
Serves as a Community Development Entity (CDE) managed by the Development Finance Authority of Summit County. Enables New Markets Tax Credit (NMTC) investments that target eligible economically distressed communities throughout an 18-county area of Northeast Ohio. As a CDE, the Development Fund of The Western Reserve may apply for and receive authority from the U.S. Treasury to allocate NMTCs for use in eligible projects.
Categories
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211 Summit
Physical Address
1 Cascade Plaza, Suite 1700, Akron, OH 44308
Hours
Same as site hours.
Fax
(330) 762-5178
Voice
Application process
Call the office and speak to the contact person, email [email protected], or visit the website for more information.
Fee
Varies according to service.
Eligibility
Serves residents in Northeast Ohio.
Languages
None.
Agency info
DEVELOPMENT FINANCE AUTHORITY OF SUMMIT COUNTY
Specializes in community and economic development finance, primarily focused on Northeast Ohio, by assisting others in obtaining capital that might not otherwise be available. In addition to issuing taxable and tax-exempt revenue bonds, the Development Finance Authority of Summit County (DFA) works closely with affiliated non-profits, including the Akron-Summit County Energy Special Improvement District (ESID), the Development Fund of the Western Reserve (DFWR), and the Western Reserve Community Fund (WRCF).