Cleveland Housing Trust Fund (HTF)

About This Program

City-managed fund coordinating federal and non-federal resources for affordable housing construction and rehabilitation. Provides soft, cash-flow-contingent loans to developers. For-sale projects: up to $40,000 per unit in gap financing. Serves households at or below 60% AMI. ~$3.3M allocated in 2024. Individuals benefit through affordable homes built by nonprofits using HTF.

Primarily for developers; homebuyers benefit via affordable units built

Key Details

• Soft loans to developers for affordable housing (rental or for-sale)
• For-sale projects: up to $40,000 per unit in gap financing
• Serves households at or below 60% AMI
• ~$3.3M allocated by City in 2024
• Individuals benefit via nonprofit-built affordable homes

How to Apply

Deadline: Annual RFP for developers; individual homebuyers benefit indirectly