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.

Programs:

• 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

Partners:

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

Partners:

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.

Programs:

• 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

Partners: