Historic Tax Credits
$6 Million Federal
$10 Million State
Investment Tax Credits
$6 Million
Total Project Cost
$52 Million
Project Partner
Sustainable Community Associates & Friends of Mendelsohn
Impact
Education Access, Sustainability, & more
History
World-Renowned Architect Designs House of Worship
Park Synagogue was designed by world-renowned architect Eric Mendelsohn as a new home for the Anshe Emeth Beth Tefilo Congregation following the community’s move to Cleveland Heights after World War II. Conceived as a modern synagogue integrating worship, education, and community life, the building is widely regarded as one of the most important examples of modern religious architecture in the United States. Its iconic copper-clad dome and sculptural concrete forms reflect Mendelsohn’s Neo-Expressionist design philosophy. Park Synagogue served as the congregation’s primary place of worship and gathering for decades.
After the congregation established a new facility in Pepper Pike in 2021, the historic building entered a new chapter, led by a development team that includes Oberlin College graduates committed to preserving Mendelsohn’s vision while reimagining the site for arts, education, and community use.
Revitalization Efforts
Center for Education & Community
The rehabilitation of the 70,000 square foot Park Synagogue transforms a former single congregation house of worship into a multitenant arts, education, and community campus while preserving its most significant historic spaces. The restored building will host Oberlin College’s satellite arts program, Park Arts performance and event spaces, and Colorful Minds Studio, expanding access to education, cultural programming, and community services. The sanctuary and chapel are preserved for religious observance and lifecycle events, maintaining continuity with the building’s original purpose. The vision for the project reimagines and extends Eric Mendelsohn’s original center for education and community, building on the congregation’s legacy of social engagement by opening the site to broader public use while preserving a place for Jewish life. Rehabilitation work prioritizes long-term sustainability, including a geothermal heating and cooling system and major improvements to the building envelope to improve energy performance.
Community Impact
A New Era for the Synagogue
During operations, the project’s tenants are anticipated to create and retain a total of 30 quality fulltime equivalent permanent jobs, many of which are accessible to residents of low-income communities. In addition, the project is projected to support 189 construction jobs during the development period. Once fully operational, the
project is projected to serve over 1,200 people annually across its arts, education, childcare, and community programs, over half of which are anticipated to be low-income people or residents of low-income communities, reflecting the project’s focus on inclusive access and community serving uses.
30
Jobs Created & Retained
50
Oberlin Students Supported Annually
40
Artists Supported Annually
1,000
Parks Arts Students Supported Annually
28
Acres of Green Space Enhanced
NTCIC & Progress
Economic Impact
NTCIC supported the redevelopment of Park Synagogue by providing an equity investment in the $16 million in combined State and Federal Historic Tax Credits generated through the preservation and rehabilitation of the nationally significant landmark. In addition, NT Solar, a subsidiary of NTCIC, financed the $6.0 million in Investment Tax Credits generated by the project’s geothermal energy systems, marking the first time NTCIC and NT Solar provided tax credit financing within the same project.
The project received substantial public and philanthropic support, reflecting broad community commitment to the redevelopment. Public financing includes State and County Brownfield grants, a Strategic Community Investments grant, County ARPA funding,
a State Cultural Facilities Capital grant, and grants from Cleveland Heights and Cuyahoga County. The project is further supported by approximately $12.4 million in philanthropic contributions raised through a capital campaign.
NTCIC sourced the historic tax credit investment capital, underwrote the transaction, and supported closing efforts. NT Solar served as the Investment Tax Credit investment sourcer and underwriter, provided financial closing services, and will serve as ITC asset manager during the compliance period. NTCIC will also serve as historic tax credit asset manager, providing construction monitoring and ongoing oversight to support long term preservation and community outcomes.
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