Ohio Funds Cleveland Housing Innovation District with $2 Million Grant
Ohio Governor Mike DeWine announced $14 million in grants to support workforce housing across 10 counties, with Cleveland receiving $2 million. This funding, part of the second round of the Residential Economic Development District (REDD) program, aims to create 200 new housing units in Cleveland’s Housing Innovation District on the city’s near-East Side. The district encompasses significant portions of the Central, Hough, and St. Clair-Superior neighborhoods. Cleveland City Council authorized the district in August and enabled it with a tax increment financing (TIF) mechanism, projected to generate $64 million to $182 million over 30 years for public improvements like streets, sewers, and parks. Mayor Justin Bibb welcomed the grant, emphasizing its role in supporting homeownership, entrepreneurship, modern housing, and neighborhood stability. The REDD program, signed into law by Governor DeWine last year, provides grants to communities within 20 miles of major economic development projects to expand housi...