CDA Investment in Lead Safe Home Fund

On June 28, Cleveland Development Advisors, an affiliate of Greater Cleveland Partnership, closed on a $500,000 loan from its Community Reinvestment Fund and certified Community Development Financial Institution (CDFI) to support the CHN Housing Partners-run Lead Safe Homes loan program, the fund for the Lead Safe Cleveland Coalition.

 

The money is part of the next round of loans from community partners to support the $19.2 million CHN administered loan program that enables borrowers to make lead control improvements to support landlords seeking to comply with the City of Cleveland’s Lead Safe Ordinance.