The document summarizes housing and financial assistance programs in Greater University Circle, Cleveland aimed at increasing homeownership. The Greater Circle Living Program offers eligible employees forgivable loans up to $15,000 for down payments. Opportunity Homes is rehabilitating homes for below-market prices. New construction developments also offer affordable options with financing assistance. The Living in the Circle Center provides resources to residents.

1. near world class institutions and
services
Genna M. Petrolla
Greater Circle Living Manager
University Circle Visitor and Living in the Circle Center
216.707.4642
gpetrolla@universitycircle.org
Buckeye/Shak
er
Little Italy
Hough
Glenville
East
Cleveland
Fairfax
University
Circle
LIVE

2. Greater University Circle
Greater University Circle consists of University
Circle and the six surrounding neighborhoods:
•Fairfax
•Glenville
•Hough
•Buckeye-Shaker
•Little Italy
•East Cleveland

3. Leveraging Cleveland’s Assets
Greater University Circle is an anchor-based strategy to
connect these Cleveland neighborhoods with the city’s
cultural epicenter, University Circle, in hopes to create
a thriving “urban core” teeming with tourists, students,
workers and residents.
The Cleveland Foundation envisions a nationally
recognized urban neighborhood, an internationally
renowned center for research, education, medical care
and culture, and a highly desirable place to live.

4. Greater Circle Living
The Greater Circle Living Program is a
forgivable loan program that aims to assist
individuals with wealth building, reduce
commute times and costs, and enhance the
quality of life by offering employees of eligible
institutions an opportunity to live and work
close to world-class cultural institutions
and services.

5. Greater Circle Living
The Greater Circle Living Program also seeks
to increase awareness of the incredible
housing opportunities available in the area.

6. The Program Includes
 Financial assistance
 Help with the application process
 Assistance with budgeting/managing finances
 Training for home buyers
 Education on housing options

7. How the Program Works
Greater Circle Living offers a $5,000
forgivable loan for the down payment
and/or closing costs for the purchase of an
owner-occupied home by full-time employees
of any non-profit institution in Greater
University Circle.

8. How the Program Works
Loans are forgiven if the employee continues to
work for a participating Greater University
Circle institution and continues to occupy the
residence for five years after the loan closes.

9. How the Program Works
Employees of Case Western Reserve
University, Cleveland Clinic, Cleveland
Museum of Art, Judson at University Circle
and University Hospitals may be eligible for
an additional $10,000 forgivable loan for
down payment or closing costs for the
purchase of an owner-occupied home in the
Greater University Circle area.

10. How to apply for funds
1. Check with employer/HR department for
eligibility.2. Complete a GCL inquiry form.
3. Attend a pre-purchase counseling session.
4. Obtain loan pre-approval.
5. Look for a new home.
6. Sign a purchase agreement
7. Apply for Greater Circle Living funds
8. Apply for primary loan

11. Improve YOUR Home
Cleveland Action to Support Housing (CASH)
is a non-profit whose mission is to encourage
revitalization in Cleveland neighborhoods.
They offer low interest rates to renovate or
remodel your home, aid in contractor
selection and provide specifications, cost
estimates, escrow services and construction
oversight.

12. Opportunity Homes
Opportunity Homes is a partnership between
Neighborhood Progress, Inc., Cleveland Housing
Network, Enterprise Community Partners, the City of
Cleveland and the Ohio Housing Finance Agency.

13. Opportunity Homes
The program aims to restore market confidence,
eliminate blight, preserve existing property values
and enable homeowners who are currently faced with
the loss of their homes to retain their property and re-
establish their credit.
Opportunity Homes recently acquired 12 homes for
rehab in the Greater University Circle area.
These homes will be completely rehabbed, energy
efficient and sell for an average of $85,000.

14. New Construction
In addition to existing housing options and
rehabilitation opportunities, there are several
developers that have invested in the Greater
University Circle area. New condominiums
and townhomes are planned for the
neighborhood, offering below market rate
financing and tax abatement through the City
of Cleveland

15. New Construction
Circle 118

16. New Construction
Legacy at Saint Luke’s
Pointe

17. New Construction
LaGrange Place

18. New Construction
27 Coltman

19. New Construction
Heritage Lane

20. New Construction
Uptown

21. Living in the Circle Center
Monday-Friday 10:00-5:00
11330 Euclid Avenue

22. Resources