Two major, multi-family residential projects, one in Cleveland and the other in Mayfield Heights, got their financing packages approved today by the Cleveland-Cuyahoga County Port Authority. About $47 million in revenue bonds were approved for the two projects which represent a combined investment of $65 million.
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For the non-profit organization Birthing Beautiful Communities (BBC), their mission is often noted in news stories detailing Cuyahoga County’s infant mortality crisis. Sadly, the county has had one of worst infant mortality rates in the country and is a symptom of much larger problems including poverty, poor nutrition, inadequate housing and unaffordable health care. Much of the need is in Cleveland’s inner city and especially on the East Side. So, to meet the need, BBC is seeking to construct Northeast Ohio’s first free-standing birthing center in Cleveland’s Hough neighborhood, on the north side of Chester Avenue, between East 63rd and 65th streets.
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Ohio announced state support for 54 rehabilitation projects that will restore 57 historic buildings across the state including eight redevelopment projects in Cleveland. According to state officials, the projects statewide are expected to leverage approximately $1.01 billion in private investment. The projects were awarded funding as part of the Ohio Historic Preservation Tax Credit Program (OHPTC), administered by the Ohio Department of Development. In total, 21 communities across the state are receiving awards, which total $64,132,847 in tax credits with $14.5 million of that going to Cleveland projects.
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A groundbreaking ceremony was held today for The Lumos, 1865 E. 93rd St., an $8.8 million investment in the community that will add quality housing, add more population and support the expansion of more businesses and jobs in Cleveland’s Hough neighborhood.
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Construction could get underway in June on a 42-unit apartmentbuilding on East 93rd Street in Hough, led by ARPI DevelopmentLLC. Thanks to meeting the right people, the project moved fromidea to the cusp of construction in just eight months (GLSD). City Planning Commission today approved plans for a new apartment building in Cleveland’s Hough neighborhood,
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