Cuyahoga County provides $1.2 Million in loans for Affordable
Affordable Home Loans Support Construction of More Than 100
is continuing its commitment to the Federal HOME Investment
Partnership Program (HOME). The County has awarded a
$450,000 affordable HOME loan to La Villa Hispana to
assist with the construction of four single family homes that
will be available to families at or below 60 percent of the area
median income. The project will be developed on vacant lots
formerly held by the Cleveland or Cuyahoga land banks in the
Clark Fulton neighborhood on Cleveland’s near west side.
“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.”
The Clark Fulton neighborhood is home to Ohio’s largest Latino
community and is part of the W. 25th-Metrohealth Corridor
Opportunity Zone where new investments, under certain
conditions, may be eligible for preferential tax treatment.
Clark Fulton is also a major cultural, social, and economic
center of the Latino community in Northeast Ohio.
“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 HOME Loans have been awarded, including a
$450,000 HOME loan to Circle North Homes to assist with
the construction of 30 single-family lease-purchase homes
located in a concentrated area of the Circle North neighborhood
in Glenville to be rented to families earning up to 60
percent of area median income.
A $365,000 affordable rental HOME loan has been awarded to
St. Joseph Apartments to assist with the construction of a
multifamily housing project located at 2554 West 25th Street
in the City of Cleveland. The Saint Joseph’s apartments will be
comprised of 68 fully-furnished one-bedroom, one-bathroom
The HOME loans totaling approximately $1.2 million will support
the construction of more than 100 affordable housing units.
Cuyahoga County makes available Federal HOME Investment
Partnership Program funds to for-profit and not for profit
developers creating new or rehabbing existing affordable rental
housing units in Cuyahoga County. Applications are reviewed by
the Cuyahoga Housing Consortium Review Board, the seven-member
board responsible for administering HOME program funding on
behalf of Cuyahoga County. Recommended HOME loans are submitted
to the appropriate governing body for approval.