The Cuyahoga Land Bank, the City of Cleveland Heights and the City of East Cleveland were recently joined by elected officials and supporters at 14048 Superior Avenue in East Cleveland, to kick off five simultaneous demolitions in the North Coventry… Read more ›
In the first of a series of FAQ videos, we provide an overview of the Cuyahoga Land Bank’s core activities. In this video, President and General Counsel Gus Frangos discusses the value and importance of a Land Bank to address… Read more ›
http://cuyahogalandbank.org In this FAQ video, Cuyahoga Land Bank Director of IT and Research Michael Schramm explain how the Cuyahoga Land Bank uses technology. The Cuyahoga Land Bank has an in-house database called the Property Profile System that contains current information… Read more ›
http://cuyahogalandbank.org In this FAQ video, Cuyahoga Land Bank President Gus Frangos explains how the Cuyahoga Land Bank is funded. Its primary funding source is the a percentage of penalty and interest on delinquent property taxes. Much of the remaining revenue… Read more ›
http://cuyahogalandbank.org The Cuyahoga Land Bank often collaborates with outside agencies and governments. Land Bank reaches out to organization who have a need for housing or land in order to fulfill their mission. For example, the Cuyahoga Land Bank partnered with… Read more ›
http://cuyahogalandbank.org The Cuyahoga Land Bank acquires about 100 properties a month, which it assesses – after vacancy has been confirmed – in order to determine whether the property can be renovated or must be demolished. Assessments consider electrical, plumbing, HVAC,… Read more ›
http://cuyahogalandbank.org The Cuyahoga Land Bank has several programs for the purchase and renovation of properties in its inventory. The most popular program is the Deed-in-Escrow Program. An interested buyer is provided with a renovation specification. If a buyer can demonstrate… Read more ›
http://cuyahogalandbank.org This FAQ video explains what the Cuyahoga Land Bank does with the properties in its inventory. The Cuyahoga Land Bank acquires about 100 properties a month, which it assesses – after vacancy has been confirmed – in order to… Read more ›
http://cuyahogalandbank.org Cuyahoga Land Bank President Gus Frangos explains where the Cuyahoga Land Bank obtains its properties. There are three sources: 1) REO (Real Estate Owned) Properties. This includes banks, Fannie Mae and HUD. 2) Tax foreclosures of vacant and abandoned… Read more ›
http://cuyahogalandbank.org Cuyahoga Land Bank President Gus Frangos explains what makes land banks a potent tool. 1) They have the ability to operates as a corporation, which allows land banks to buy, sell, trade and loan very efficiently and be flexible.… Read more ›
http://cuyahogalandbank.org Cuyahoga Land Bank President Gus Frangos explains the need for County Land Banks. The foreclosure crisis created large scale abandonment of properties that continue to deteriorate. These distressed properties lower property values and decrease safety. County Land Banks provide… Read more ›
Land Bank President and General Counsel Gus Frangos explores one of ten frequently asked questions about the Cuyahoga Land Bank: What is a County Land Bank? According to Gus, an easy way to understand a County Land Bank is to… Read more ›
CLEVELAND – Samantha Paizs and her fiancé, John Hall, will soon move into a completely refurbished home in Cleveland’s Slavic Village neighborhood. It’s a house that is located on the same street where Paizs grew up. At one time, the… Read more ›
CLEVELAND, Ohio — Just before dinner on a warm fall afternoon last week, Cecelia Smith mounted a riding mower, steered it into the empty lot beside her tidy yellow house in the city’s Slavic Village neighborhood, and roared into her… Read more ›
CLEVELAND, Ohio — The number of mortgage foreclosures filed in Cuyahoga County is receding rapidly but left in the wake are thousands of blighted houses that would cost tens of millions of dollars to demolish, a new study says. At the… Read more ›
CLEVELAND – The latest study on Cuyahoga County foreclosure rates seems to show the northeast Ohio housing market is making a comeback. A study assembled by Cleveland’s Thriving Communities Institute indicates the foreclosure has reached its lowest level in 10… Read more ›
EAST CLEVELAND, Ohio – A small crowd gathered on the north side of Superior Road early Wednesday to witness the start of what two communities and Cuyahoga County hope to be the revitalization of the North Coventry neighborhood. The neighborhood… Read more ›
East Cleveland and Cleveland Heights are spending $1.1 million to remove blight in the North Coventry community. The two cities teamed up with the Cuyahoga County Land Bank to demolish five vacant apartment buildings. The goal is to decrease crime,… Read more ›
MEDIA ALERT: WHO: Cuyahoga Land Bank City of Cleveland Heights City of East Cleveland Elected Officials WHAT: A multi-site demolition in the North Coventry Neighborhood, resulting from the desire of two adjacent cities to address blight on their shared border.… Read more ›
Proposed amendment requires properties to be secured immediately, cuts number of inspections before tickets or violations are issued In the first 10 days of September, city of Chicago operators logged 359 calls about problems at vacant buildings, ranging from reports… Read more ›
Exerpt from Belt Magazine : In addition to the 8,000 or so vacant housing units in bad shape in Cleveland, there are an estimated 7,000 more in Cuyahoga County. The Cuyahoga County Land Reutilization Corp. (aka Cuyahoga Land Bank) has acquired about 2,000 in… Read more ›
SHAKER HEIGHTS, Ohio — The city continues its ongoing efforts to improve or remove its dilapidated housing stock. Last month, City Council approved an agreement with Neighborhood Housing Services of Greater Cleveland to renovate another home on Pennington Road in… Read more ›
CLEVELAND, Ohio — Not every Cuyahoga Land Bank property demolition is as notorious as was the one on Seymour Avenue in Cleveland, formerly occupied by Ariel Castro and his three hostages. But Land Bank officials said every one of the… Read more ›
This week, the Cuyahoga Land Bank hit two milestones as it continues to fulfill its mission to strategically acquire properties, return them to productive use, reduce blight, increase property values, support community goals and improve the quality of life for… Read more ›
The Ohio Housing Finance Agency (OHFA) has received approval from the U.S. Treasury Department to utilize up to $60 million of a remaining $270 million in Hardest Hit Funds to assist with stabilizing local property values through the demolition of… Read more ›
Bellaire Puritas Development Corporation (BPDC) is working with the Cuyahoga Land Bank and other community development corporations to make sure that abandoned homes end up in the hands of good owners. In the Bellaire Puritas neighborhood of Cleveland, the Cuyahoga… Read more ›
The Cuyahoga Land Bank has demolished 2,000 properties and has helped facilitate close to 700 renovations since opening our doors in June 2009! We would like to pause and highlight these major milestones for the organization. It is a testament… Read more ›
“What we do is tunnel,” says Marlene Sundheimer, Director of Law for the Northeast Ohio Regional Sewer District (NEORSD). Under our feet is a vast, intricate system of pipes, ladders, and other infrastructure we never think about—but it’s profoundly vital… Read more ›
CLEVELAND, Ohio — Homebuyers in the City of Cleveland may qualify for $15,000 in down payment assistance funding resulting from the national mortgage settlement. Wells Fargo is making $3.7 million available through its CityLIFT program. Prospective homeowners may apply for the… Read more ›
