Mayor Frank G. Jackson's

Neighborhood Transformation Initiative

Funding Programs

Mixed-Use Development

Goal:: Provide developers with a single source of capital, and to create equitable and inclusive living and entrepreneurship opportunities as part of these developments.


  • Cleveland Impact Fund - $44 M fund for mixed income developments
  • Retail Incubator - Rent and tenant build out subsidy for entrepreneurs locating in the mixed use developments


  • Capital Impact Partners
  • KeyCorp
  • Huntington Bancshares, INC.
  • Fifth Third Bank
  • PNC Financial Services Group
  • Cleveland Citywide Development Corporation

Residential Development

Goal:: To encourage a mixed income community, address blight and restore property values by developing a mix of housing options and financing opportunities.

Programs (City supported deliverables in Circle North within 2-3 Years):

  • New Construction Single Family Homes - at least 26 homes
  • Vacant Home Rehabilitation - at least 20 homes
  • Homeowner Repair - at least 40 homes
  • Down Payment Assistance - at least 40 homebuyers
  • Innovative Home Mortgage Loan – at least 41 qualified homebuyers


  • Famicos Foundation
  • Neighborhood Housing Services
  • Enterprise Community Partners
  • The Cleveland Foundation
  • Cleveland Housing Network
  • Cleveland Neighborhood Progress-Village Capital Corporation
  • Greater Circle Living

Entrepreneurship and Small Business Support

Goal:: Targeted entrepreneur support programs and wrap-around services to promote entrepreneurship and build wealth for residents who lack access to private capital markets and essential business mentoring.


  • Core-City Cleveland (offers free one-on-one business advisory services)
  • Micro-Lending and Restaurant Entrepreneur Assistance
  • Credit Repair and Financial Literacy Training
  • Retail Forgivable Loan Programs


  • JumpStart
  • Economic and Community Development Institute
  • Urban League of Greater Cleveland
  • The Cleveland Foundation
  • The Real Black Friday