Cleveland Warner & Swasey project receives $12 million in low-income tax credits

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Cleveland Warner & Swasey project receives $12 million in low-income tax credits
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The historic Midtown factory is another step closer to becoming affordable housing.

A rendering of the Warner & Swasey Building as affordable housing.CLEVELAND, Ohio – A historic Midtown factory is another step closer to becoming affordable housing.

The vacant Warner & Swasey Building has shadowed Carnegie and East 55th Street for decades, but this week, Pennrose, which is leading redevelopment at the site, was awarded over $12 million in low-income housing tax credits. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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