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University Circle Institutions and Hospitals Will Help
Employees Buying Homes Near Shaker Square.

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. It will start in the Spring of 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.
 


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News:

Links: (to websites, not to pages on the program)


more to come .... but not soon

It is only two weeks after the announcement of this program which will not be operational until Spring 2008. As more information becomes available this page will connect you to it.  AB  December 27, 2007  
 
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