The Cuyahoga Land Bank recently launched the third round of its Housing Construction Gap Grant Program, making at least $1.58 million available to encourage experienced developers to build new housing in Cuyahoga County. The grant program provides funds to help developers cover the gap between construction costs and appraisal values in certain distressed areas, a persistent thorn in neighborhood redevelopment efforts.
Interested experienced developers can find application materials and a map of the eligible emerging market area on the Cuyahoga Land Bank’s website HERE. All qualified developers are welcome to apply by October 28, 2022, the application deadline.