Tax incentives for $260M downtown Cleveland housing project approved by panel
Friday, December 18, 2020
by Robert McCarthy
Cleveland City Council’s Development, Planning and Sustainability Committee signed off on tax incentives and aid for Phase I of a project that “would overhaul the former Huntington Building” and provide affordable housing downtown, Cleveland.com reports. Cleveland-based Millenia Housing Development is expected to invest about $263.5 million in Phase I to create more than 850 one- and two-bedroom apartments with rents ranging from $712 to $1,370 per month, according to the article. Phase II “would add another 380 residences,” and bring the total project cost to $450 million. For more, read the full article.
