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City selects Penrose to redevelop McCafferty Health Center site into 72‑unit senior affordable housing; committee approves transfer and development agreement
Summary
Committee approved ordinance to transfer City‑owned McCafferty Health Center parcel at 4242 Lorraine Avenue to Penrose Holdings LLC for redevelopment into senior affordable housing and ground‑floor nonprofit space; developer said the project targets 55+ households at 30–70% AMI with tax credit financing planned.
The committee approved legislation authorizing the director of public health to transfer the city‑owned property at 4242 Lorraine Avenue to the Department of Community Development and Economic Development, and to permit sale or lease to Penrose Holdings LLC for redevelopment.
City staff said the McCafferty Health Center site in Ohio City is being repositioned after city and partner health services consolidated nearby. The Department of Community Development presented that Penrose was selected through an RFQ process that emphasized commitments to Cleveland small, minority and female business…
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