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In The News: New Cleveland housing investment fund aims to fill gaps in the market as costs rise (News 5 Cleveland)

  • sam54407
  • Apr 2
  • 1 min read



Excerpt: CLEVELAND (March 18, 2025) — At a former elementary school on Cleveland’s West Side, the corridors don’t lead to classrooms anymore. Lockers still line the walls. But they’re waiting for tenants – not kids – to stash their stuff.


A local development group is almost done turning the historic Nathaniel Hawthorne School into 37 apartments, with rents starting around $1,100 a month. The goal is to build a community that nurses, schoolteachers and young professionals can afford...


...On Tuesday, Mayor Justin Bibb and officials from the LISC, a national nonprofit community development organization, announced the formal debut of an investment fund designed to meet a deep need for mid-priced housing.


The Cleveland Housing Investment Fund will provide flexible loans – and, in some cases, preferred equity – for developers of rental and for-sale housing. Those investments will be aimed at relatively small projects like Hawthorne, with less than 50 units.


2 Comments


Pierre Jordane
Pierre Jordane
May 09

Lors d’un cadeau de naissance, j’ai découvert Keeko et j’ai opté pour un coffret coordonné bonnet, chaussons et body. L’option de personnalisation des initiales brodées a ajouté une touche unique, et le packaging soigné a fait sensation à l’arrivée. La douceur du coton et la finition sans étiquette irritante conviennent parfaitement aux peaux sensibles. Un service clé en main, simple et élégant, qui a fait des heureux chez les nouveaux parents.

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Pierre Jordane
Pierre Jordane
May 09

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