Affordable Housing Projects Get Boost In Cleveland

CLEVELAND — Cuyahoga County officials announced $1.2 million in loans would be awarded to affordable housing construction projects. All of the units will be located around Cleveland.

A $450,000 loan was given to La Villa Hispana to assist with the building of four single-family homes in the Clark Fulton neighborhood. The units will be available to families at or below 60 percent of the area median income. The land used in the project was once owned by either Cleveland or Cuyahoga land banks.

“Housing stability is critical to strengthening families and revitalizing neighborhoods,” said Kevin J. Nowak, executive director of CHN Housing Partners. “We are grateful to Cuyahoga County and Executive Budish for the vote of confidence in the Clark Fulton neighborhood.”

Two additional loans were awarded to projects. A $450,000 loan was awarded to Circle North Homes to help with construction of 30 single-family, lease-purchase homes in the Circle North neighborhood of Glenville. Those units will be rented to families earning 60 percent, or less, of the area median income.

The other loan, worth $365,000, will be awarded to St. Joseph Apartments to assist with construction of a multifamily housing project on W. 25th Street. Those apartments will include 68 fully-furnished, one-bedroom, one-bathroom apartments.

“By investing in affordable housing, we are investing in families, our communities and the economy,” said Cuyahoga County Executive Armond Budish. “Consistent, stable, affordable housing is the platform from which families can succeed. I am proud to be part of this important initiative that will replace vacant land with affordable housing for individuals and families in Cuyahoga County.”