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There's some good news for the
Shaker Square neighborhood and for persons who work in or near
University Circle who are interested in moving here.
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 University Circle Initiative. The program is
for employees who buy, rent or renovate homes in Cleveland
neighborhoods near University Circle. The announcement of the
start of the program will be on May 27, 2008. Participating employers include Case Western Reserve
University, University Hospitals and the Cleveland
Clinic.
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 $5,000,000 in grants
and forgivable loans over all those areas.
The University Circle Initiative
will be administered by Fairfax Renaissance Development Corp.
with help from University Circle Inc.
This page will link to web pages
and documents that will tell you more about this new initiative.
Please keep in mind that these
are employer-sponsored programs, so your first step in looking
into them is to check with your own employer. Also note that
this program will not start until April 2008 and details are not
yet available.
The map was developed by Plain Dealer staff and appeared
in the Plain Dealer. While we believe it is accurate, it
is not presented as official. The shaded
"funding area"
ends just west of Coventry Road: the border between Cleveland
and Shaker Heights. |
