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Gcl Home Purchase Program (HPP) | Fairfax Renaissance Development Corporation

8111 Quincy Ave., Ste. 100, Cleveland, OH 44104

Eligibility

Full time and some part time employees that meet employment and other requirements established by the employer. Loans are available only to employees of Cleveland Clinic, University Hospitals, Case Western Reserve University, Cleveland Museum of Art, and Judson at University Circle and are available to purchase homes in the area known as Greater University Circle, which includes city of Cleveland neighborhoods of University Circle, Hough, Glenville, Little Italy, Fairfax, and Buckeye/Shaker, and a small portion of East Cleveland. The area is defined by East 79th Street on the west, Superior Avenue to the north, the Cleveland city line to the east, and Buckeye-Woodland to the south. One and two unit properties are eligible. Multi-unit (three or more) are not eligible.Those who have received rent assistance from this program at least 12 months ago are eligible to apply for this program.

Required documents

Will review needed documents when taking application. Will need to show proof of non-profit status for employer

Hours

M-F: 9:00am-5:00pm.
https://www.fairfaxrenaissance.org
[email protected]

Application process

Complete inquiry form on web site. Call M-F: 9:00am-5:00pm to get an application and to make an appointment to review application. Funds are provided on a first-come, first served basis after all required documentation has been submitted.

Fees

Free to apply. Loan is forgiven (free) if borrower stays in the residence for 60 months (five years) after the loan has closed and if borrower continues to work for their employer.

Service area

Ohio

Description

Provides up to a $30,000 forgivable loan to use for down payment and/or closing costs associated with the purchase of an owner-occupied residential property in Greater University Circle.

Data provided by

211 Cleveland

Providing organization

Fairfax Renaissance Development Corporation

Performs neighborhood planning and community revitalization activities. Focuses on increasing market-rate and affordable residential housing, community engagement/programming and economic development activities to stabilize and revitalize Cleveland Ward 6.