Last week, Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, announced they were the recipients of a $5 million grant from JPMorgan Chase to support development in the Cleveland neighborhoods of Clark-Fulton, Glenville, Buckeye-Kinsman, and their immediately surrounding areas. CDA has contributed a further $3.75 million to the project, taking the total commitment for the project to nearly $9 million.
Recently, conversations around the need for a property tax relief program in Ohio’s cities have become more urgent. GOPC has scanned different ways communities can lessen the burden on rapidly rising property values on long-time residents. GOPC is currently researching programs, or components of programs, which could be applicable in Ohio.