The redevelopment of and investment in the City’s residential neighborhoods is a primary development goal of the City. To accomplish this goal, the City has launched several initiatives.
Neighborhood Redevelopment Program – Phase 1
The City is excited to release an RFQ/RFP seeking qualified developers to construct infill residential housing on City-controlled vacant lots. This RFQ/RFP includes 42 vacant lots concentrated in two areas of the City. The vacant lots included in the RFQ/RFP are eligible for a tax abatement through the City’s Grow Program of up to 15 years and 100%. Qualified firms are encouraged to review and respond to this opportunity to construct new single-family homes in the City. Submissions must be received before Friday, December 11, 2020 at 4pm. Please see the RFQ/RFP link below for additional information.
Community Development Corporation Partnerships
The City works with several Community Development Corporations s to facilitate the transfer of properties to qualified developers, who then rehabilitate the properties and then return them to productive use. Developers interested in acquiring properties through the City/CDCs should contact the CDCs below to learn more about their programs and partnering with them on residential redevelopment opportunities.
Grow Tax Savings Program
Grow is the City’s tax abatement program, which offers property tax savings for both residential and commercial projects – both new construction and renovation. The level of tax savings will vary by location and type of project, but the program features abatements of up to 15 years and 100% for new construction and 12 years and 100% for renovation projects. Additional information can be found at www.clevelandheights.com/grow.