Trailside development could bring 95 new homes to Cleveland's hard-hit Slavic Village

on Monday, 20 May 2013.

Similiar past challenges as Weston District

By Michelle Jarboe McFee, The Plain Dealer May 15, 2013

CLEVELAND, Ohio -- Slavic Village, the Cleveland neighborhood often called "ground zero" in the nation's foreclosure crisis, might become the proving ground for a recovery.

Construction is under way for a residential development in Cleveland's Slavic Village neighborhood, where 95 homes will rise on former industrial property and vacant land.

The project, Trailside Slavic Village, represents a public-private push to bring housing back to one of the city's hardest-hit neighborhoods.

Zaremba Homes, the builder, is working with the city of Cleveland, the nonprofit Slavic Village Development group, the Clean Ohio program and Third Federal Savings & Loan. The lender's headquarters sit next to the project site, at Aetna Road and East 71st street.

Next to the Morgana Run Trail, the Trailside development will include single-family homes, townhouses and cottages. Priced at $126,000 to $132,000, the homes will carry 15-year property tax abatement. The first 10 buyers might be eligible for down-payment help from the city.