The Millennia Companies® has been awarded a $40 million Transformational Mixed-Use Development (TMUD) tax credit award from the Ohio Tax Credit Authority and the Ohio Department of Development for the historic rehabilitation and adaptive reuse of The Centennial, located at 925 Euclid Ave. in Cleveland.
To support this catalytic project, the largest in the state of Ohio, Millennia received the maximum amount permitted for any development project under this newly created tax credit-award program, which is designed to support the new construction and/or improvement of vacant buildings that will have a transformational economic impact on the site and the surrounding area.
“We are thrilled to be selected for this inaugural TMUD tax credit award,” said Tom Mignogna, vice president at Millennia Housing Development, Ltd. “This new economic development tool is further evidence of Ohio’s progressive commitment to supporting significant developments that meet critical ne
