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.