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Ronald McDonald House – Akron, Ohio

Nolan Sheehan Patten represented Development Fund of the Western Reserve, Inc. in closing the NMTC transaction, which consisted of QLICI loans to the project sponsor Children’s Family Care, Inc. in connection with the expansion of the Ronald McDonald House of Akron, which serves the Akron Children’s Hospital. This project was funded with $7.5 Million of federal New Markets Tax Credits and will triple the number of rooms available from 20 to 60 and create 135 construction jobs, 8 full time and 3 part-time jobs which will be available to qualified local residents.

Ronald McDonald House – Akron, Ohio

Practice Area: New Markets Tax Credits