Advancing Mixed Income Residential Developments

Downtown Skyline
  • 65 Units (27 SF/38 TH) | $11Mn | 2015-2019

    Facilitated acquisition, land development, and partner recruitment for mixed-income residential community.

  • CHN Housing Partners
    City of Cleveland
    Cleveland Neighborhood Progress
    Zaremba Builders

  • Low Income Housing Tax Credits/LIHTC (9%)
    Downpayment Assistance
    Public Financing for Initial Acquisition and Improvements

    Market Rate For-Sale (Starting at $155K) | 27 units | $4.41Mn
    Subsidized Rentals (30 to 60% AMI) | 38 units | $6.65Mn

    5 units @ 30% AMI
    9 units @ 50% AMI
    19 units @ 60% AMI
    22 units @ Market Rate

  • Land Developer, Planning Assistance, Design Development, Development Strategy, Planning Approvals, Fundraising

  • 41°29'09.7"N 81°36'20.5"W
    (Buckeye, Cleveland, Ohio)

No project captures the difficulty and uncertainty of large-scale infill development in weak markets more than Legacy at Saint Luke’s Pointe. Originally purchased by Cleveland Neighborhood Progress in 2003, phase one of the project was completed in time for a 2006 parade of homes coined CitiRama. Subsequent recessions, community economic change, and even the passing of a legendary local developer stalled the project and changed its trajectory several times. One thing remained consistent though: the commitment of the community to achieving an empowering and quality neighborhood for mixed-income families within and new to the neighborhood. Located across the street from the remarkable transformation of Saint Luke’s Hospital, the residential development finally (and predictably) achieved traction when the derelict vacant hospital was returned to community icon status.

2019 Land Offering RFP
Project advanced with Cleveland Neighborhood Progress

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