Last year I wrote this post about the proposed Eco Village Cottages at W. 58th and Pear. It’s an exciting project, and this past week it moved closer to fruition and occupancy with a ground breaking ceremony.
These homes will meet Leeds standards for energy efficiency, are all of the same design (I think there are five homes). They are part of the Cleveland Land Trust which means they will remain affordable throughout their lifetime. (The Land Trust sells homes at market value but the buyers buy at about 80% of market value). You can read about the Land Trust here.
Green City Blue Lake has an informative post on the Cottages. Here is an excerpt:
“….The homes are universally designed, life-cycle homes that allow aging in place. They will include accessibility features such as ramped entrances to porches, and, in the three bedroom model, a first floor bedroom with bath. Buyers who need a fully accessible home can have the additional features they need added at no additional cost.
The cottage designs grew out of the Cleveland Green Building Coalition’s Emerging Designers initiative, which brought together young architects to learn about green design while applying what they learned to real projects….”
There are income requirements for eligibility to purchase and of course the supply is limited. But it’s exciting to see this project move along (they had projected an August ground breaking and they are pretty darn close to that date).
A wonderful side benefit? Short (and I do mean short) walk to the RTA Station. To recap: affordable, unbelievably low fuel costs, close to public transportation. Do we need more of this all over Cleveland or what?
Peace Out – 3C
3 responses so far ↓
1 Would You Buy A Home If It Meant Your Fuel Bills Would Be Less … : thegameoflove // Sep 14, 2008 at 5:23 pm
[...] Original Carole Cohen [...]
2 Larry McGee // Sep 16, 2008 at 7:27 pm
Carol,
The word I get on that Federal Nehemiah Program is that the investors will not buy the loans. If it is the same program, it was created by certain American Indian Tribes.
Larry
3 Carole Cohen // Sep 16, 2008 at 10:26 pm
Larry they sounded pretty positive but not sure exactly what that means; here is their website;
http://www.getdownpayment.com/
You could be right about their history just not sure where it’s going!
I think my main point was, the Congress is looking to reinstate fed no down payment programs with this but yet implement some more stringent policies that go along with it. We will find out. And soon.
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