Financing Sustainable Building in Cleveland Tag Archives: green building

Financing Sustainable Building in Cleveland

The City of Cleveland offers tax abatement to owners that develop or re-develop residential properties. The program encompasses new construction and renovation in two categories: substantial and moderate rehab. Single-family, multi-family low, mid, high-rise, and mixed-use projects are eligible. Abatement is given for 100% of the increased property value for 15 years on new construction, 10 years for projects of $2,500 or less per unit or 12 years for projects

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