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Euclid planning staff seek seed funding for community improvement corporation; CDBG and HOME budgets rise
Summary
Planning & Development presented increases to CDBG and HOME funds and proposed seed funding for the city's Community Improvement Corporation to accelerate rehabs and resales of foreclosed homes to owner‑occupants.
Planning and development staff outlined federal grant budgets and local housing proposals to the Executive Finance Committee on Feb. 25, asking council to consider a seed investment in the Community Improvement Corporation (CIC) to scale housing rehabilitation and owner‑occupied sales.
The department briefed council on multiple federal programs. Director Mac said the Community Development Block Grant (CDBG) budget was adjusted to about $1.4 million to match the fiscal year 2026 allocation adopted in December, with expenses reimbursed by HUD. The HOME…
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