Cuyahoga Land Bank Does It Again: Leads Nation in Use of Stimulus Funding to Revitalize Neighborhoods

News Press Releases

Cuyahoga Land Bank Does It Again: Leads Nation in Use of Stimulus Funding to Revitalize Neighborhoods

Cuyahoga Land Bank Does It Again: Leads Nation in Use of Stimulus Funding to Revitalize Neighborhoods


Wins $41 Million in competitive grant from federal government; builds coalition to increase safety, quality of life and protect property values in Cuyahoga County

A coalition led by the Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, has completed the distribution of nearly $41million in Neighborhood Stabilization Program (NSP2) funds – a federal stimulus-funded initiative to stabilize neighborhoods. The Cuyahoga Land Bank was the lead applicant and program manager for a consortium that included the City of Cleveland, Cuyahoga County, and the Cuyahoga Metropolitan Housing Authority (CMHA).

In 2010, the consortium was awarded nearly $41 million in HUD’s second round of Neighborhood Stabilization Program (NSP2) funds to be used toward the stabilization of targeted communities in Cuyahoga County. The NSP2 grant awarded to the consortium was one of the largest per capita allocations in the country.

The consortium collaborated to implement a series of programs and major developments and leveraged millions more in matching funds. Strategic investments in our community via rehabilitation, demolition and land reutilization combat the negative effects of the foreclosure crisis—such as decreases in safety and quality of life, as well as decreases in property values—that has resulted in a multitude of vacant and abandoned properties.

“We are very happy to have been able to find opportunities to positively impact the safety, housing values and quality of life in NSP2 target areas through rehabilitation, demolition and creative reuses of land via the application of these grant dollars,” said Gus Frangos, President of the Cuyahoga Land Bank.

“NSP2 showed what can be done when communities and governments work in concert toward common goals,” said Cleveland Mayor Frank G. Jackson. “Not only did we make ample progress in taking down dangerous abandoned properties but we were also able to rescue and rehabilitate over 300 other homes.”

“Cuyahoga made strategic use of the NSP2 funds. We leveraged millions in private dollars while expanding the boundaries of University Circle, replacing vacant land with both high-end and affordable apartments and demolishing some of Cuyahoga’s worst properties,” said Ed FitzGerald, Cuyahoga County Executive. “We’ll continue to be a national leader – together with our partners in the Land Bank – addressing an inherited housing crisis head-on.”

“The funding received under the NSP2 program is allowing CMHA to continue to provide quality, safe and affordable housing opportunities to residents across the county,” said Jeffery K. Patterson, CEO of CMHA. “We are pleased to be a part of such a strong collaboration, with efforts to benefit so many people in need of housing.”

NSP2 funding target communities include East Cleveland, Lakewood, Shaker Heights, South Euclid and Garfield Heights as well as the Detroit Shoreway/West Tech, Corlett, Fairfax, Glenville, Lee-Miles, Westown, Mount Pleasant, Slavic Village, Old Brooklyn, Colfax/Garden Valley, St. Clair Superior, Buckeye/Larchmere, Ansel/Newton, Collinwood, Tremont and Clark Fulton neighborhoods in the City of Cleveland.

The following projects were made possible through NSP2. For larger projects, NSP2 funds leveraged additional public and private investment in the county.

Activity # Of Units Funds Expended to Date Project Description
Single Family new and
rehabilitated homes
61 $10,501,885.54 Rehabilitation of homes
throughout the target areas as
well as several new
construction units built on
vacant parcels
Cleveland Housing Network
Lease Purchase Program
new and rehabilitated homes
45 $4,600,000.00 Rehabilitation of homes
throughout the target areas as
well as several new
construction units built on
vacant parcels
Circle East New
20 $2,900,000.00 20 two-bedroom apartments
strategically built at the
intersection of East Cleveland
and Cleveland’s University
Circle neighborhood in order to
break down barriers between
the two communities
St. Luke’s Rehabilitation
project for
65 $2,000,000.00 Phase II – the conversion and
rehabilitation of St. Luke’s
Hospital to elderly housing
40 $998,000.00 40 units specially designed for
multi-generational families
living together under one roof
CMHA Euclid Belmore New
Construction for
39 $2,528,000.00 39 units of CMHA senior
housing, including 6 units that
meet uniform federal
accessibility standards
Demolition and
790 $6,544,608.34 Demolition of vacant and
abandoned homes beyond
rehabilitation throughout the
target areas as well as the
deconstruction on five
apartment buildings in East
Cleveland through a
partnership with New Village
Land Reutilization 72 $1,088,819.00 The reimagining of greenspace
via yard expansions and
community gardens
Land Banking 53 $418,362.19 53 properties acquired by the
Cuyahoga Land Bank and
renovated by private

NSP2 activities will continue throughout Cuyahoga County as revenue derived from the projects above will be used towards additional activity. Program income is expected to continue to be generated from future sales of housing units and will be used for eligible uses and activities under NSP 2 in the consortium’s 20 designated target areas.