Mixed-income housing plan for vacant Warner & Swasey Co. complex in Cleveland lands key tax credits

Crain’s Cleveland Business | May 20, 2020 at 5:48 PM
  • Efforts to salvage the former Warner & Swasey Co. factory — a long-languishing eyesore in Cleveland’s Midtown neighborhood — gained traction Wednesday, May 20.
  • The Ohio Housing Finance Agency awarded low-income housing tax credits worth $10 million over a decade to the project.
  • Pennrose also plans to pursue state and federal historic tax credits and federal New Markets Tax Credits, designed to spur investments in low-income areas, for Warner & Swasey.