Cleveland Housing Investment Fund (CHIF)

About This Program

Mission-driven up-to-$100M fund managed by LISC Fund Management. Launched 2025 with $18M City of Cleveland grant + $20M KeyBank anchor investment. Finances affordable rental and for-sale housing for households under 80% AMI ($54,450 individual). First investments (Oct 2025): Parkside Homes (55 lease-purchase homes on east side) and Walton Apartments (52 units, age 55+, Clark-Fulton).

Individuals benefit via affordable units produced

Key Details

• Up to $100M fund for affordable housing in Cleveland
• $18M City of Cleveland grant + $20M KeyBank anchor investment
• Targets households earning less than 80% AMI (~$54,450/year individual)
• First projects: 55 lease-purchase homes (east side) + 52 senior apartments (Clark-Fulton)
• Individual residents benefit by applying for affordable homes produced

How to Apply

Deadline: Developers apply; residents benefit via finished affordable units