Carver Park Phase III

Carver Park Phase III represents the substantial rehabilitation of over 140 public housing units in Cleveland, Ohio. The development team included TFG together with the Cuyahoga Metropolitan Housing Authority (CMHA).

The project was capitalized with 4% Low Income Housing Tax Credit equity, a HUD 221(d)(4) mortgage, and a bridge loan — a layered structure designed to deliver a deep recapitalization while preserving long-term affordability.

Construction began at the end of 2022 and was completed in 2024. CMHA continues to own and manage the property as part of its public housing portfolio.