When TV crews descended on Slavic Village three years ago, the neighborhood was dubbed the "epicenter" of the foreclosure crisis. While that infamy was brief -- the crisis soon expanded to other parts of the country, with California, Florida and Nevada among the hardest hit -- the damage it left behind was real.

However, this resilient neighborhood is now becoming known for its innovative response to foreclosures. Through its Neighbors Invest in Broadway program, Slavic Village has been acquiring vacant, bank-owned homes and selling them to qualified rehabbers.

"After the housing market collapsed, we began to look at how we could rebuild our neighborhood," explains Marie Kittredge, Executive Director of Slavic Village Development (SVD), the nonprofit community group that serves the neighborhood.

Since launching the program, SVD has acquired 28 homes and sold 17. Eight of these homes were sold to owner-occupants. "When we launched the program, we were selling most of the homes to investors," says Kittredge. "But recently we've had more owner-occupants."

Purchasers, who must demonstrate the financial ability to bring the properties up to code, obtain the homes for $5,000. Such bank-owned properties are often stripped of plumbing and need major repairs. Due to the investment required to repair them, and because supply outstrips demand, they often hold little value. Lenders have been willing to donate the properties to SVD or the city of Cleveland.

After acquiring the property, SVD issues a Request for Proposals. It then selects the most qualified proposal, giving preference to owner-occupants. After selling the home, SVD follows up to ensure the work is completed according to the specifications.

"We want to make sure the home is decent, but it doesn't need a new Jacuzzi or kitchen," explains Kittredge. "We'll work with the owner throughout the process."


Source: Marie Kittredge
Writer: Lee Chilcote

Justin Husher graduated with an MBA from Cleveland State University in May of 2008 -- just in time for the collapse of the financial markets.

Instead of wringing his hands, Husher considered his bleak job prospects as a sign. "I never wanted to be a banker," he told the audience at last week's forum on vacant land reuse at Cleveland State University's Levin College of Urban Affairs. His college major had been botany, and he'd always dreamed of tending the soil.

That's when Husher learned about Reimagining Cleveland, a small grants program that was launched to support the creative reuse of vacant land in the city.

Husher applied to the program, which is managed by Neighborhood Progress (NPI) and funded by the Surdna Foundation and the City of Cleveland. After he was awarded a $7,500 grant, Husher worked with Cleveland's land bank program and Bellaire Puritas Community Development Corp. to cobble together a half-acre of land on W. 130th. Pretty soon, Old Husher's Farm was born.

Husher, who sells his produce at the Gordon Square farmers market and other venues, has a passion for local food. "I like to grow vegetables with storylines, such as heirloom tomatoes," he said. "It's important to learn where our food comes from."

At last week's forum, the young farmer also offered recommendations for improving the business climate for urban agriculture. Husher's wish list includes longer-term leases with property owners and an initiative to help farmers purchase land at affordable prices. He'd also like to see a cooperative stand for urban farmers to sell locally grown food at the West Side Market.

Since Reimagining Cleveland launched in 2008, the program has funded 56 projects to creatively reutilize vacant land in Cleveland. According to the Reimagining Cleveland website, there are an estimated 3,300 acres of vacant land in the city of Cleveland.


Source: Justin Husher, Reimagining Cleveland
Writer: Lee Chilcote