Sec. LaHood signs first TIGER transit grant agreement in Kent, Ohio

Wondering what the TIGER grant recipient projects look like? The first of 51 grant agreements has been signed and work can now move forward on this successfully funded project in Kent, Ohio: “Soon residents of Kent will benefit from a 325,000 square foot project that combines a bus transfer station with public parking, retail and … Continued

Uncategorized

Ohio land bank strikes pioneering deal with Fannie Mae to stabilize troubled neighborhoods

The Cleveland housing market is experiencing a disaster of nearly biblical proportions. Last year, more than 13,000 foreclosure cases were filed in Cuyahoga County, which includes the greater Cleveland area. In response, the County Commissioners assembled the Cuyahoga County Land Bank, a non-profit organization dedicated to acquiring and restoring vacant properties into productive parts of the community. Last month the land bank took a leap forward by forging a unique agreement with mortgage giant Fannie Mae that could be a game-changer for the distressed Cleveland region — and a model for other communities hit hard by the foreclosure crisis nationwide.

Uncategorized