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Cleveland Restoration Society, Cuyahoga County,  

First Federal Lakewood, & South Euclid  

Team Up to Launch County-wide  

Heritage Home Purchase Program(SM)

 

New program provides incentives for homebuyers to

purchase homes that need renovation

 

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The Cleveland Restoration Society is pleased to announce the creation of the Heritage Home Purchase Program(SM).  This transformational real estate financing program provides qualified buyers with low-interest financing and technical assistance to purchase homes.  The program helps our communities by getting homes in need of repair off the market and into the hands of owner-occupants.

 

The Heritage Home Purchase Program(SM) was created as a collaborative partnership between the Cleveland Restoration Society, Cuyahoga County, First Federal Lakewood, and the City of South Euclid. While the program was initiated as a project of the City of South Euclid, it will now be available to homebuyers countywide in any cities that participate in the Heritage Home Program(SM).  The program will be marketed by the Cleveland Restoration Society, Cuyahoga County Department of Development, and First Federal Lakewood.

 

HHPP Press Conference  

To celebrate the launch of this exciting new program, a press conference was held on Thursday, January 16 at a vacant home on Bluestone Road in South Euclid.

 

HHPP Press Conference "The City of South Euclid has worked collaboratively with the Cleveland Restoration Society, First Federal Lakewood and Cuyahoga County to create a new and unique program to help homebuyers get technical assistance and the financing necessary to purchase and rehabilitate vacant homes that otherwise might be sold to rental investors instead of owner occupants," said Mayor Georgine Welo. "This unique program will help fill an existing gap in the real-estate market, which has prevented interested and credit-worthy homebuyers from purchasing real estate that requires rehabilitation, not only in South Euclid, but across the county."

 

The Heritage Home Purchase Program(SM) combines free technical assistance from the Cleveland Restoration Society, and a Heritage Home Loan from First Federal Lakewood at a special rate. In addition to Mayor Welo, representatives from Cleveland Restoration Society, Cuyahoga County, Cuyahoga Land Bank, and First Federal Lakewood took part in the press conference.  Read more about the new program and the press conference here

 

The house that served as the location for the event, 4084 Bluestone Road, is currently being offered for sale by the City of South Euclid.  This is a wonderful opportunity for a homebuyer to participate in the new purchase/rehab program. Read more about this house here.  

 

For more information about the new Heritage Home Purchase Program(SM), click here or call the Cleveland Restoration Society at 216-426-3116. 

 

 

 


The Cleveland Restoration Society is a member of the National Trust Partners Network. Founded in 1972, CRS uses the powerful tool of historic preservation to revitalize our diverse communities, strengthen the regional economy, and enhance the quality of life in northeastern Ohio.