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Developers ask council to reclassify four units as affordable in 80‑unit Gateway 66 project
Summary
Frontline Development Group and partner presented a $27 million, 80‑unit mixed‑income project at East 66 and Lynnwood and asked the council committee to approve redesignation of four units to 80% of area median income to clear financing requirements.
Developers seeking funding for the Gateway 66 project told the City Council finance committee on Sept. 22 that they want the city to approve a redesignation of four units in an 80‑unit, mixed‑income development so the project can move forward with financing. The ordinance authorizes the Department of Community Development to enter into a loan agreement with Gateway 66 Limited Partnership to partially finance affordable housing in Ward 7 and related redevelopment costs.
Sheila Wright of Frontline Development Group (project developer) said the $27 million project near East 66 and Lynnwood will be mixed income, with units ranging from 30% to 80% of AMI. “This is a product that has come before council previously,” Wright said, describing the project as similar to prior mixed‑income work and explaining that a clarification is needed in the project’s definitions so financing can close. Angela Bennett, the developer’s partner, said the request is to redesignate four of the 80 units to 80% of area median income (AMI).
Bennett provided household income limits she said were drawn from HUD’s 2025 guidelines and observed that, in Cleveland, 80% of AMI is well above the city median income. She told the committee that 80% AMI for a one‑person household would permit household income “more than $55,650” under the 2025 HUD table the presenters cited and that the city’s median household income is about $39,000, making the 80% tier relatively broad locally.
Council members asked for rent figures and other details. The developer provided several rent measures for 1‑ and 2‑bedroom units at different AMI percentages during the presentation; those figures in the transcript include transcription artifacts and should be confirmed with the developer’s submitted materials. Committee members told developers the ordinance would be heard by full council for consideration that evening.
The ordinance on the committee agenda is an emergency ordinance authorizing a loan agreement between the city and Gateway 66 Limited Partnership or a designated affiliate for partial financing of affordable residential units at that site.
