Cleveland’s Flats East Bank project gets $32 million loan guarantee from HUD

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Cleveland’s Flats East Bank project gets $32 million loan guarantee from HUD

Cleveland Plain Dealer – CLEVELAND, Ohio — The U.S. Department of Housing and Urban Development will provide $32 million in long-anticipated loan guarantees to support development on the east bank of the Flats.

The federal agency has agreed to provide a $30 million loan to the city of Cleveland and a $2 million loan to Cuyahoga County, as part of a complex financing package for the Flats East Bank project.

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