Caledonia CDC: Difference between revisions
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Caledonia CDC: This is an affordable housing infill project in Cleveland. It's supporting the neighborhood while providing more affordable housing (for purchase/ownership) for teachers, nurses, etc. Start Right’s Caledonia Homes site [https://startrightcdc.com/caledonia-homes-2/] | Caledonia CDC: This is an affordable housing infill project in Cleveland. It's supporting the neighborhood while providing more affordable housing (for purchase/ownership) for teachers, nurses, etc. Start Right’s Caledonia Homes site [https://startrightcdc.com/caledonia-homes-2/] | ||
The project is 23 new single family homes in the $200,000 to $230,000 range, with a 15-year, 100 percent tax abatement provided through the citywide Community Reinvestment Area (CRA) enacted across Cleveland Heights in 2018. | The project is 23 new single family homes in the $200,000 to $230,000 range, with a 15-year, 100 percent tax abatement provided through the citywide Community Reinvestment Area (CRA) enacted across Cleveland Heights in 2018. The city can also provide further incentive to homebuyers with a $15,000 deferred second-mortgage downpayment assistance loan, although if you move, you’ve got to pay it back. | ||
The city can also provide further incentive to homebuyers with a $15,000 deferred second-mortgage downpayment assistance loan, although Stone noted that “if you move, you’ve got to pay it back.” | The city can also provide further incentive to homebuyers with a $15,000 deferred second-mortgage downpayment assistance loan, although Stone noted that “if you move, you’ve got to pay it back.” | ||
The church and the CDC are led by the Rev. Jimmy Hicks | |||
[[Scott Hackenburg]] | [[Scott Hackenburg]] | ||
Revision as of 17:58, 3 January 2024
Caledonia CDC: This is an affordable housing infill project in Cleveland. It's supporting the neighborhood while providing more affordable housing (for purchase/ownership) for teachers, nurses, etc. Start Right’s Caledonia Homes site [1] The project is 23 new single family homes in the $200,000 to $230,000 range, with a 15-year, 100 percent tax abatement provided through the citywide Community Reinvestment Area (CRA) enacted across Cleveland Heights in 2018. The city can also provide further incentive to homebuyers with a $15,000 deferred second-mortgage downpayment assistance loan, although if you move, you’ve got to pay it back.
The city can also provide further incentive to homebuyers with a $15,000 deferred second-mortgage downpayment assistance loan, although Stone noted that “if you move, you’ve got to pay it back.”
The church and the CDC are led by the Rev. Jimmy Hicks
Scott Hackenburg Story about the infill project [2]
Start Right the church behind Caledonia CDC and its workforce housing [3]