ICONS_ALL-White_Reduce housing stress

Neighborhood Vision 2025

Reduce Housing Stress

Stable, affordable housing is a key social determinant of health. MidTown must continue to be a home for residents and families of all backgrounds. Addressing long term affordability and displacement issues will require a multi-faceted approach to expand paths to purchase and homeownership. Financing, programming, and assistance are needed to reduce the stress often felt by local families in trying to maintain their homes or remain in the community as real estate prices fluctuate.

ICONS_ALL-White_Reduce housing stress

Reduce Housing Stress

Action

Pursue Citywide Reform of Property Tax System to Protect Longtime Residents

Lobby for a citywide change including increasing homestead exemption, targeting a limit on property tax increases for long time owners by a limited percentage per year, reset property tax upon sale, etc.

Near-Term Actions

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Connect with the City of Cleveland to understand status of ongoing Tax Reform Discussions;

Type of Action

Outreach & Coordination

Looking For

Developers

11E