CLEVELAND — Editor's Note: The video above is from another affordable housing project in the Clark-Fulton neighborhood.
The Clark-Fulton neighborhood in Cleveland is shaping up to be one of the leading future options for affordable housing in Northeast Ohio with the announcement of yet another housing investment project.
In what is being called a "historic preservation/adaptive reuse project," The Levin Group announced the funding to turn the largest vacant property in the Clark-Fulton neighborhood into an affordable housing unit with a lot to offer.
The Northern Ohio Blanket Mills building, located at 3160 W. 33rd Street in Cleveland, will be turned into a 60 unit, multi-family housing structure with a host of highly sought after amenities for those looking for affordable housing.
Those amenities include interior community gathering spaces, gardens, large units with natural lighting, accessible multi-model transit, and supportive services provided on the first floor of the building by a local non-profit.
A mix of one, two and three-bedroom units will be made available to those with incomes of "60% of the Area Median Income or less and supported by Section 8 Placed Based Rental Vouchers".
The total cost for the first phase of the project that will cover the residential portion of the project is currently projected at $24 million.
Phase two of the project will add a first-floor commercial space to be used by social service agencies and will cost approximately $10 million.
“This is very exciting and will transform a historic property - originally built in 1889 - into beautiful and affordable homes,” said Cleveland City Councilwoman Jasmin Santana, who represents the Clark-Fulton neighborhood. “The site fell on hard times recently and has been vacant since 2008. We are working with partners to transform these vacant sites into beautiful homes for our families. Not only are we keeping and attracting families to Clark-Fulton with this project; we are providing them with wraparound services to support their employability, early childhood education, and health needs. Additionally, working partnering with CMHA, we’re working to make Clark-Fulton more affordable and welcoming for all.”
This announcement comes weeks after MetroHealth's $60 million investment in mixed-use development kicked off with a ribbon-cutting in the Clark-Fulton neighborhood.
“These two projects are just part of the redevelopment occurring in the neighborhood,” Santana added. “I’m so happy that they are affordable for the individuals and families, so they can stay in the neighborhood.”