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Cuyahoga Land Bank acquires 1500th property; demolishes 750th property

Last month, 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,...

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Cuyahoga County homes values fall average of 9 percent (Plain Dealer)

CLEVELAND, Ohio — Some Cuyahoga County homeowners will find their property values plummeted by 30 percent in the first state-mandated property reappraisal since Frank Russo corrupted the process as...

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‘America’s New Foreclosure Capitals’ includes an old one — Cleveland (Crain’s...

When the headline on the story reads, “America’s New Foreclosure Capitals,” it’s safe to say most people hope the city where they live isn’t on it. Sorry to disappoint, Clevelanders. (What, you thought...

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Long-Term Vacant Properties: Part 1 – How the Crisis Emerged (Mortgage Orb)

REQUIRED READING: The boom and bust in housing that is a hallmark of the recent economic cycle has resulted in an unprecedented volume of foreclosures that has, in turn, left us with an extraordinary...

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More Problems Assets Exit Banks: Number of foreclosed properties owned by...

The volume of foreclosed properties owned by most local banks fell last year by double-digit percentages, in some cases by the steepest rates since the foreclosure crisis struck — a corner bankers say...

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Local Members of Congress Joining Forces to Clean Neighborhoods (WEWS)

CLEVELAND – Local members of Congress are join forces to cleanup neighborhoods in Cleveland. Congressman Dave Joyce (OH-14), Congresswoman Marcia Fudge (OH-11) and Congresswoman Marcy Kaptur (OH-9)...

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Cuyahoga Land Bank completes use of $41 million in federal stimulus money...

A coalition led by the Cuyahoga County Land Reutilization Corp., commonly known as the Cuyahoga Land Bank, has completed the distribution of nearly $41 million in federal stimulus money that was...

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Cuyahoga Land Bank and federal funds (WKSU)

The Cuyahoga County Land Bank and its partners are among those leading the nation in distribution of stimulus funds to help stabilize neigborhoods. The other partners are the City of Cleveland,...

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Press Release: Cuyahoga Land Bank Does It Again: Leads Nation in Use of...

A coalition led by the Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, has completed the distribution of nearly $41million in Neighborhood Stabilization...

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Neighborhood Housing Services of Greater Cleveland announces City Lift down...

NHS of Greater Cleveland recently hosted a press conference at a home the Cuyahoga Land Bank deeded over to Kamm’s Corners Development Corporation to announce the availability of $3.7 million of down...

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Ed FitzGerald introduces plan to create vacant property demolition fund...

While the proposal remains light on specifics, Cuyahoga County Executive Ed FitzGerald has taken the first official step toward borrowing $50 million to demolish thousands of abandoned houses...

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Westlake Church on the Rise volunteers start work on Cleveland house for...

All the neighbors were curious when a team of volunteers from Westlake’s Church on the Rise descended on a vacant house in Cleveland’s Old Brooklyn neighborhood on Saturday The team tore out drywall,...

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Blight and home abandonment now a persistent drag on Greater Cleveland’s...

In a meeting with about 60 senior citizens at the Cleveland branch library in Glenville the night of May 28, Councilman Kevin Conwell asked for a show of hands from residents who felt trapped in houses...

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Subprime payback continues as Citigroup is hit with $7 billion payout...

A decade after subprime mortgages tore through neighborhoods in Greater Cleveland and nationwide, another powerhouse bank is paying billions to settle with the government. Citigroup will pay $7 billion...

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Hardest Hit Funds demolition policy change on track to become a boon for...

In February 2010, President Obama unveiled the Hardest Hit Fund, a United States Treasury program to use Troubled Asset Relief Program (TARP) repayments to provide targeted aid to families in states...

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Cuyahoga County Likely To Approve $50 Million Demolition Fund (Ideastream)

The proposal came from County Executive Ed Fitzgerald last February with few details on how the 50 million would be allocated.  Council has since filled in the details. $9 million – $3 million each...

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Millions for demolition within reach for Cleveland and inner-ring suburbs...

 If Cuyahoga County Council approves a plan Tuesday to borrow $50 million for the demolition of vacant buildings, some of the region’s most blighted communities could see demolition crews within a...

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Cuyahoga County Council expected to approve $50 million for demolitions...

Cuyahoga County Council tonight is expected to approve a long-discussed plan to borrow $50 million to pay for vacant property demolitions. The demolition plan, originally proposed by County Executive...

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$50M demolition fund passes Cuyahoga County Council unanimously (Cleveland...

Cuyahoga County will soon give cities tens of millions of dollars to tear down blighted buildings. A $50 million bond issue for demolition, debated all year, passed the county council unanimously last...

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Cuyahoga County’s $50 million demolition plan looking to impact communities...

“What we do today is not the end of the process, it’s really the beginning,” said Cuyahoga County Councilman Pernel Jones, shortly before council members voted to approve a plan to make $50 million...

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Cuyahoga County now the ‘gold standard’ for abandoned property reclamation...

Some of the most significant strides in Cleveland’s renaissance come from the quietest corners, where people with rolled sleeves toil behind desks, taking on daunting challenges. While their...

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Cleveland’s plan to destroy nearly 6,000 homes (CNN Money)

In and around Cleveland, nearly 6,000 foreclosed and abandoned homes are being destroyed in an effort to save neighborhoods from blight, crime and sinking home prices. Instead of trying to rebuild on...

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Cleveland gets noticed for bringing new life to abandoned homes, lots...

Cleveland is doing a better job than most cities at figuring out new, more productive uses for abandoned lots and homes, according to this story from CNNMoney.com.“In and around Cleveland, nearly 6,000...

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Land banks’ adaptability yields results for communities tackling vacant and...

Cuyahoga Land Bank featured as one of seven portraits WASHINGTON, D.C. – An estimated 120 land banks exist in the United States, and their ability to adapt to local conditions and needs is helping...

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Why this city ‘removes cancer cells’ of foreclosed and abandoned homes (CNN...

In and around Cleveland, nearly 6,000 foreclosed and abandoned homes are being destroyed in an effort to save neighborhoods from blight, crime and sinking home prices. Instead of trying to rebuild on...

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Cities Resort to Demolition to Deal With Blight (Realty Biz News)

A deconstruction movement is brewing across U.S. cities, in an effort to combat neighborhood blight and keep dilapidated homes from hampering nearby home prices. Instead of repairing or rebuilding...

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Fannie Mae selling 44 homes to Detroit Land Bank (Detroit Free Press)

Fannie Mae, the national leader in providing money for the secondary mortgage market, said today it will sell 44 Detroit properties it acquired through foreclosure to the Detroit Land Bank Authority....

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Advice for land banks from Cuyahoga Land Bank’s Gus Frangos (Community...

Our new report, Take it to the Bank: How Land Banks Are Strengthening America’s Neighborhoods, takes an in-depth look at how the Cuyahoga Land Bank serves the community in and around Cleveland, Ohio....

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Children’s Museum of Cleveland gains control of Euclid Avenue mansion in...

A quiet real estate deal that closed Tuesday augurs a second chance for a small Cleveland cultural institution and an expansive house on the city’s onetime Millionaire’s Row. A company tied to the...

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How the Cuyahoga Land Bank is helping refugees “Discover Home” (Community...

Land banks can work in concert with a whole host of private, public, and nonprofit partners, using those creative partnerships to help the communities they serve. An example of one such partnership is...

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Plans for Greater Cleveland Fisher House rounding third (Cleveland.com)

The more than four-year effort to create a place where veterans and their families could stay for free while a vet is receiving medical treatment here, is rounding third and heading for home. At least,...

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Fun Fact

Cleveland was ranked as one of the nations top travel destination in 2015!  Cleveland has been mentioned by New York Times, 52 Places to Go in 2015, Travel & Leisure, Best Places to Travel in 2015,...

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Mapping out how Detroit is tackling a mountain of blight (mlive)

No one who has driven through Detroit is surprised by what confronts city residents: More than 84,600 properties are blighted by one estimate, a staggering number that means more than one in five...

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Euclid could get $1 million from Cuyahoga County Property Demolition Program...

Euclid is being recommended to receive $1 million in the first round of Cuyahoga County Property Demolition Program, one of only two communities recommended for the maximum allotted funding. Cuyahoga...

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New money will help fight blight in Cuyahoga County (WOIO)

Millions of our tax dollars are about to be funneled into cleaning up neighborhoods in Cuyahoga County. County Executive Armond Budish wants to remove 619 structures in 20 communities countywide. Just...

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Budish Assists Parma Fight Blight: Community Voices (Cleveland.com)

On Friday, April 10, Cuyahoga County Executive Armond Budish made good on his promise to assist the inner-ring suburbs of Cleveland, including Parma, in demolishing properties that are vacant and...

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More homes in county may be razed (Mansfield News Journal)

The Richland County Land Reutilization Corporation hopes to know in about a month if it will receive more funds from the federal Neighborhood Initiative Program that can be used to demolish abandoned...

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Land Bank, NEON partner for housing and health support for vets (Cleveland.com)

CLEVELAND, Ohio — Northeast Ohio Neighborhood Health Services (NEON) and the Cuyahoga Land Bank will announce Thursday the creation of a joint effort to provide housing and support services for...

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Habitat for Humanity launches Buckeye affordable homeownership initiative...

By Lydia Coutre, Crains Cleveland Business Greater Cleveland Habitat for Humanity is launching an initiative to rehabilitate 100 Cleveland homes in three years with a 10-house project in Cleveland’s...

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Engineers and Cuyahoga Land Bank Kick-Off Workforce Program

Demolition can be a very dangerous and complicated business – unless you know what you are doing! The folks at International Union of Operating Engineers, Local 18 (“Local 18”) know exactly what they...

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