Van Wert Forward Receives $2.6 million in Tax Credits

Ohio Department of Development announces transformational mixed-use development program recipients

 

The Van Wert County Foundation, the vision driving force behind Van Wert Forward, is pleased to announce that Van Wert Forward recently received an award of $2.6 million in tax credits from the Transformational Mixed-Use Development (TMUD) Program administered by the Ohio Department of Development. The TMUD credits are awarded to organizations that demonstrate an ability to spur economic growth and social well-being that produces long-term, positive change for a community.

 

Van Wert is one of ten cities to be awarded TMUD credits in this competitive application process, and Van Wert Forward is one of thirteen projects included as a recipient in this round of TMUD applications. To be considered for an award, a project must include a minimum of two uses benefitting the community’s public members. Van Wert Forward Phase One has a number of mixed-use spaces with four buildings including space for commercial units on the first floor and plans for residential units above them. Phase One buildings contain approximately 63,000 sq. ft. of mixed-use space in Van Wert’s historic downtown. 

 

Van Wert Forward is transforming quality of place by planning, developing, and sustaining the built environment in downtown Van Wert and is vision-driven by The Van Wert County Foundation. For more information visit Van Wert Forward’s website vanwertforward.org, or contact the Director of Engagement and Outreach, Joel Germann, joel@vanwertforward.org.

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