St. Michael's Hospital Demolition
The Brownfield Redevelopment Fund (BRF) is designed to overcome environmental barriers to reuse and obtain full use of underutilized properties within Cuyahoga County. For-Sale Housing funding is not available at this time. Please review the Brownfield Redevelopment Program Description Summaries listed below for eligibility and appropriateness for your project.
Applications for assistance are available after meeting with County Brownfield staff to discuss project. All project financing should be committed or secured. Projects with tax-exempt end uses are not eligible. A $150 non-refundable application fee is due when the application is submitted.
An additional five percent (5%) of the loan amount may be forgiven if certain green/sustainable features are incorporated into the project. All project funding support requires recommendation of the Cuyahoga County Community Improvement Corporation Economic Development Loan Committee and final approval by the Cuyahoga County Board of Commissioners.
Brownfield Program Description Summaries
Subsidized loan assistance is available to obtain the full reuse of abandoned, idled or underutilized commercial, industrial, and institutional properties. Job creation and an increase in property values are expected outcomes of remediation and redevelopment.
A forgivable loan that helps private businesses expand onto an adjacent parcel that is abandoned, idled or underutilized. Parking lot expansions will not be considered. The borrower is eligible for $35,000 in loans for every new fulltime, or new fulltime equivalent job created at the project site.