Centennial project downtown wins $15m HUD loan
The Centennial, one of downtown Cleveland’s most complicated, expensive and elusive redevelopment projects, got another sign that it is very much alive by winning a $15 million loan guarantee from the U.S. Department of Housing and Urban Development (HUD). The financial assistance will be provided through HUD’s Section 108 Loan Guarantee Program and will be used to help finance the nearly half-billion-dollar conversion of the former Huntington Building, 925 Euclid Ave., from mostly offices into primarily a residential property.
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