By / May 30, 2025

Circle East District, homebuyers to benefit from deal

Cuyahoga Land Bank and First National Bank (FNB) have announced a new partnership to accelerate development in the Circle East District in East Cleveland by supporting homeownership. Since 2022, the land bank has been busily rebuilding this neighborhood next to University Circle from the sewers up.

Through this partnership, eligible homebuyers may receive up to $40,000 in combined financial assistance, including a $20,000 builder interest rate buy-down made possible through a grant from Cuyahoga Land Bank, and $20,000 from FNB, which includes $15,000 in down payment assistance with an additional $5,000 toward closing costs.

Read the full article on the NEOtrans blog HERE.