Home repairs, help for small businesses, and redevelopment are on the horizon for Cleveland’s struggling southeast side.
Cleveland City Hall in a 2011 file photo CLEVELAND, Ohio –
Bibb believes an injection of public money to repair homes, prepare commercial spaces for businesses to move in, and redevelop a few key buildings will help lay the groundwork for private investors to step up. Bibb’s team acknowledges that $15 million is a drop in the bucket, but the mayor hopes a public investment will kick off a cycle of redevelopment and private investment that can reinvigorate the three neighborhoods.
Bibb envisions three categories of spending: $5 million for a revolving loan fund for home repairs and rehabilitations, $5 million to improve commercial corridors, and $5 million for a few large-scale redevelopments. City officials are looking to prioritize houses under the state forfeiture process, which had been foreclosed, but failed to attract any buyers when they went to sheriff’s sales. The goal is to put those properties back into use, and potentially save usable homes from demolition, Building and Housing Director Sally Martin O’Toole said.
Other funds are expected to improve the public areas of commercial corridors through matching grants that could go to CDCs or businesses that want to spruce up the street and sidewalk spaces outside shops and are willing to contribute some money of their own. Such grants could allow for new public art, parklets, better trees and landscaping, lighting or bus shelter upgrades, Epstein said.
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