Lorain Avenue

4242 Lorain Avenue, Cleveland, OH, 44113

The Lorain Avenue Redevelopment is a 62-unit affordable housing development in the Ohio City neighborhood of Cleveland, Ohio. A partnership between Pennrose LLC and Ohio City Incorporated, the project will transform the former Thomas F. McCafferty Health Center site into an environmentally sustainable, transit-oriented residential community, with ground-floor nonprofit space that will become Ohio City Incorporated's permanent home. The development will serve households earning between 30% and 70% of Area Median Income, with a mix of one-, two-, and three-bedroom apartments. On-site amenities include property management, a fitness center, community room, laundry facilities, and outdoor shared space.

September 2026 Project Update

May 2026 — Tax credits awarded. On May 22, 2026, the Ohio Housing Finance Agency conditionally awarded the project 9% Low-Income Housing Tax Credits as a General Occupancy development. The senior application submitted in the same round was not awarded.

What "General Occupancy" means. The apartments will not be age-restricted. Seniors, working adults, and families can all apply, as long as they meet the income limits. The building's design is substantially the same as the senior scheme presented in 2025 — the same corner, the same four stories, the same materials selected for the Lorain Avenue Local Landmark District. The unit count moved from approximately 72 to 62 because two- and three-bedroom apartments are larger than studios and one-bedrooms.

August 2026 — Community meeting. On August 31, 2026, the project team met with neighborhood residents at Urban Community School, hosted by Ohio City Incorporated, to share the award outcome and the updated design. Feedback continues to shape the streetscape, landscaping, and the plaza at Lorain and West 44th.

Next milestone. The team is preparing its final application to the Ohio Housing Finance Agency, due September 17, 2026. The development team is actively working to close the project's remaining financing gap with City, County, and State partners.

We value our continued partnership with the community and remain committed to sharing information as it is available. To that end, the project team has posted initial drawing schemes for both development concepts on the project website.