The application portal opened this week for the Cleveland Equitable Development Initiative, an eight-month program aimed at minority developers who are looking to grow.
The U.S. Environmental Protection Agency recently announced more than $4.6 million from President Biden’s Investing in America Agenda to expedite the assessment and cleanup of brownfield sites in Ohio while advancing environmental justice.
The Florida-based company sold Innova last year, shedding 247 units near the Cleveland Clinic. The Finch Group also has unloaded Parkside Dwellings and expects to sell CircleEast Townhomes.
Mayor Justin Bibb's administration plans to seed the effort with $50 million in American Rescue Plan Act money, almost 10% of the city's pool of pandemic-recovery funds.
Echoing other research produced since the Great Recession, a new report depicts a county with two distinct housing markets: one more-than-recovered from the 2008 housing bust, the other depressed.