Six local housing projects win tax credits

Six housing developments in Cuyahoga County won federal Low-Income Housing Tax Credits (LIHTCs) yesterday from the Ohio Housing Finance Agency (OHFA), improving their chances of seeing construction in the near future. Those projects and 23 others elsewhere around the state received conditional LIHTC commitments. Developers will use those awards to leverage additional financing in the creation or rehabilitation of rental housing for low- to moderate-income Ohioans.

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Casket maker brings factory to life

Construction permits were filed this week with Cleveland’s Building Department to retrofit a west-side factory so Victoriaville & Co. of Victoriaville, Québec, Canada can open its first manufacturing operations in the USA. The plant will manufacture what’s called “death care merchandise” — namely caskets and urns in what is a growing market as the oldest Baby Boomers approach 80 years of age.

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Two Cleveland-area projects win millions

Two Greater Cleveland historic rehabilitation projects got an unexpected boost this week to the tune of nearly $7.2 million. The Taylor Tudors portion of a larger development in Cleveland Heights plus a renovation of McKinley School in Cleveland’s Westown Neighborhood were beneficiaries of an oversight by the Ohio Department of Development (ODOD).

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