With a high rate of foreclosure, Cleveland instituted a land bank to rein in rampant vacancies. After two years, the program has made some headway. By working with lenders to share the burdens of abandoned and foreclosed homes, the city’s… Read more ›
Cities have been tearing down crumbling, vacant houses for decades. The money for municipal demolition bills usually comes out of city budgets, but in Cleveland the housing crisis has started to change that equation. Bill Beavers has lived on Cleveland’s… Read more ›
CLEVELAND, Aug. 29 (UPI) — U.S. lenders say protecting a home is one thing and protecting home values another, so they are calling in bulldozers to make their point. “We want to make loans on an ongoing basis, and to… Read more ›
Local authorities have found a unique way to deal with the growing number of foreclosed homes in and around the city and suburbs of Cleveland: they demolish them. The authorities believe that reducing the housing supply will drive prices higher… Read more ›
Euclid city officials have created a system in the hopes of reducing the amount of vacant land within the city. An online database was designed to organize information about 104 city-owned parcels of vacant land and allow individuals to submit… Read more ›
Stark County has more than 14,000 vacant homes, or nearly 1 in 12. That’s up nearly two-thirds since 2000, according to census data. The number of foreclosure filings has more than doubled in the last decade, to about 2,500 a… Read more ›
Cuyahoga and three other Ohio counties have established land banks to keep tax-foreclosed properties out of the hands of speculators and get them into productive use. Three other Ohio counties are moving plans for land banks off the drawing board.… Read more ›
The Claytons have two babies. One is toddling around the furniture, and one is the place they call home. The young couple are parents and also stewards of a century home in Shaker Heights. Both roles entail special responsibilities. The… Read more ›
Demolition began on a city-owned apartment building at the corner of Franklin and Lakewood Avenues on Tuesday. It took just several hours to demolish the structure, which had been deemed a nuisance property two years ago. The demolition was… Read more ›
Several banks have found a new solution to the glut of foreclosed houses – many of them in poor condition. It’s the bulldozer. Bank of America (BoA) owns a glut of abandoned houses that no one wants to purchase. As a… Read more ›
Backyard vegetables can fight crime, improve health, and boost the economy. By transforming its vacant lots, backyards and roof-tops into farming plots, the city of Cleveland could meet all of its fresh produce, poultry and honey needs, calculate researchers from… Read more ›
Banks have a new remedy for America’s ailing housing market: bulldozers. There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon repossess many more. Many housing… Read more ›
This story was originally printed in Cleveland Action to Support Housing’s e-newsletter The two bedroom house on West 122nd Street doesn’t look like much – the lawn is unkempt, the porch cries out for fresh paint and the front door… Read more ›
The Cuyahoga County Land Reutilization Corporation (Cuyahoga Land Bank) has gained some welcome collaboration in the battle to alleviate the impact of foreclosure and abandonment in Cuyahoga County from and Bank of America and Wells Fargo. A few weeks ago,… Read more ›
An agreement finalized last July between the U.S. Dept. of Housing and Urban Development (HUD) and the Cuyahoga County Land Bank will prevent hundreds of severely neglected HUD properties in Cleveland from being sold to negligent owners who have no… Read more ›
Community gardens have been a part of city neighborhoods for years now and what began as a solution to a vacant lot has developed into one of South Euclid’s most appealing programs. The Cuyahoga Land Bank had purchased a condemned… Read more ›
