The Cleveland Department of Community Development will be making available low-cost development financing for housing to be constructed or substantially rehabilitated within the City of Cleveland.
Basic program elements include:
- -Projects must be affordable to low and moderate income households.
- -Both rental housing and for-sale residential developments are eligible for consideration.
- -Projects must have at least 4 units, with preference given for 15 or more units
- -Maximum Housing Trust Fund financing per project will be $600,000
The deadline for proposal submissions is Friday, July 31, 2015. A full program description, including selection criteria and the required Proposal Format are available here.