CLEVELAND, Ohio – Cleveland is using some of its last remaining money from the American Rescue Plan Act to bring new and renovated housing to parts of the city that have long suffered from disinvestment.
The $9.9 million grant to the Cuyahoga Land Bank, approved by City Council this week, is intended to jump-start the housing market in locations that have attracted little private development.
The homes are headed for City Council wards 5, 10, and 14. They’ll be sold to buyers at cheaper prices than the land bank’s cost to build or renovate them.
Read the full story on Cleveland.com HERE.