May 20, 2008
There's some good news for the
Shaker Square neighborhood and for persons who work for
nonprofit institutions in or near
University Circle who are interested in moving here. Depending
on the employer, from $5,000 to $15,000 in help in the form
of forgivable loans is available.
Early in December 2007 a new
housing assistance program,
led by the Cleveland Foundation with support from other
local foundations, was announced. It's called the Greater Circle
Living. The program is
for employees who buy, rent or renovate homes in Cleveland
neighborhoods near University Circle.
The official announcement of the
start of the program was made today. Participating employers include Case Western Reserve
University, University Hospitals and the Cleveland
Areas targeted under the new plan
include parts of Glenville, Hough, Fairfax and Buckeye-Shaker
(including areas near Shaker Square) as well as some
East Cleveland neighborhoods. Over the next five years the
initiative plans to offer a total of $4 million in grants
and forgivable loans over all those areas.
For a map showing the area
covered, click here.
The Fairfax Renaissance Development Corporation
will administer the program. Information on the program is on