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Committee approves $250,000 seed for CIC housing program and sends amended budget to full council
Summary
The executive finance committee voted to add a $250,000 planning & development transfer to seed the Community Improvement Corporation's Open Door Euclid program and then approved additional budget amendments, forwarding the amended ordinance to full council with a recommendation for approval.
The executive finance committee voted to add $250,000 to the planning & development budget to seed a Community Improvement Corporation (CIC) program intended to acquire and rehabilitate distressed properties for owner‑occupancy.
Mayor and planning staff described the Open Door Euclid approach: use CIC seed funds to buy select tax‑foreclosed or distressed properties, offer them first to owner‑occupant buyers who will repair them (or to vetted contractors…
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