CLEVELAND HOUSING INVESTMENT FUND REACHES $53 MILLION WITH 216 HOMES IN DEVELOPMENT

The Cleveland Housing Investment Fund has raised $53 million toward a $100 million goal and has helped move 216 affordable homes into development. Cleveland seeded the fund with $18 million in surplus American Rescue Plan Act money, while KeyBank, Huntington Bank and Fifth Third Bank supplied $35 million in private commitments. The fund aims to support between 2,500 and 3,000 housing units.