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Lorain County approves $900,000 loan to speed Creekwood housing, county engineer says project could support 700+ homes
Summary
The board authorized a $900,000 loan to Creekwood Development LLC to assist land assembly and stormwater improvements tied to a planned housing project; county staff said the Creekwood area could accommodate more than 700 housing units and the loan would bridge timing while the county applies for a state grant.
Lorain County commissioners on March 13 approved a $900,000 county loan to Creekwood Development LLC to facilitate land acquisition and necessary public improvements tied to a long-planned Creekwood housing project.
County staff explained the loan would secure land assembly and allow the county to accelerate bidding and construction of drainage and utility improvements while the developer seeks a separate $2.5…
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