State agency awards tax credits for housing for seniors, the homeless in Midtown Cleveland

July 02, 2009
A state agency awarded more than $26 million in tax credits for affordable housing Thursday -- including awards that will support two controversial projects in Midtown Cleveland.
     The Ohio Housing Finance Agency awarded $1 million in credits to Emerald Alliance V, a development that will provide apartments for the homeless on 1.3 acres at 7515 Euclid Ave. The agency awarded $915,122 for a senior housing development at 7338 and 7350 Euclid Ave. Nonprofit community group MidTown Cleveland Inc. had been opposing both proposals.