For more than 25 years, Cleveland Development Advisors (CDA) has been committed to creating jobs and improving neighborhoods throughout the city.
CDA is a real estate and business development finance organization that invests private capital and New Markets Tax Credit allocations into catalytic projects in Cleveland.
Established in 1989 by a non-profit group comprised of the CEOs of 50 of Cleveland's largest corporations, CDA today is the real estate and business finance affiliate of the Greater Cleveland Partnership - one of the nation's biggest chambers of commerce.
CDA has helped provide financing for more than 130 projects, including regional icons such as the Gateway sports complex, the Rock and Roll Hall of Fame and Museum and Cleveland Browns Stadium.
CDA has been committed to urban housing - helping to create over 6,300 new residential units in the city. CDA has invested in numerous housing projects along East 4th Street, Euclid Avenue, the Warehouse District and University Circle. We also have been successful in investing New Markets Tax Credits in low-income neighborhoods to generate significant community impact. Our two New Markets investment funds have been awarded total allocations of $215 million.
We often provide the final piece of financing that can mean the difference between breaking ground or not moving forward. CDA uses no tax dollars - we manage private funds.