East Central Place
East Central Place is a mixed-income new construction housing development project in the Upper Central neighborhood. Completed in 2006, East Central Place consists of seventy-five units which are a mix of single-family market-rate homes, single-family lease-purchase homes, single-family public housing, and townhomes.
BBC collaborated with the Cleveland Housing Network, Cuyahoga Metropolitan Housing Authority, and then Ward 5 Councilman, now Mayor, Frank G. Jackson to complete East Central Place. Ten homes in the first phase were sold at market rate with up to $40,000 in assistance from Ohio’s Housing Development Assistance Program. To qualify for these subsidies, buyers’ household incomes were between 50% and 65% of the area median income.
This is the first housing development in Cleveland’s history to integrate public, market-rate, and lease-purchase housing. The development team was recognized for its innovative approach to housing development with the James Rouse Vision in Affordable Housing Award at the Cleveland Community Development Awards.
Funding sources for this development included Ohio Housing Development Assistance Program funds, Low Income Housing Tax Credits, Hope VI funding, and private mortgages from local banks.