Buying A Home Has Never Been Easier.

Cleveland Housing Network’s (CHN) for-sale division, Homeward Homes, was initiated in 1989 to strengthen real estate markets through investment and increased owner occupancy. To date, Homeward Homes has generated more than $100 million in direct capital investment in Cleveland’s neighborhoods, resulting in the complete rehabilitation, new construction, and sale of over 1,350 homes. Homeward Homes was created with support from The Cleveland Foundation and Local Initiative Support Corporation, and today includes partnerships with several local banks, local and national foundations including The Enterprise Foundation, as well as the City of Cleveland and the State of Ohio.

CHN provides homes for everyone with one of the best financing packages available to buyers in the City of Cleveland including:
· Residential tax abatement (on the value of the improvements) - 10 years on fully renovated homes and 15 years on newly constructed homes
· A deferred (0% interest) second mortgage from the City of Cleveland (averaging $10,000) and down-payment assistance available to income eligible buyers from the State of Ohio
· A first mortgage interest rate reduction from participating lenders including KeyBank and Third Federal Savings
· Reduced points and closing costs on the first mortgage loan

The success of Homeward Homes is based on several factors:
· High Standards: CHN maintains the highest rehab and building standards in the City, providing buyers with a high quality, dependable product.
· Comprehensive Buyer Preparation: CHN provides comprehensive homebuyer and budget counseling, coupled with a truly affordable mortgage product
· Choice & Product Diversity: CHN has expanded its product line to include both quality rehabs, as well as new construction products that combine to strengthen Cleveland’s residential real estate markets and improve the quality of life for community stakeholders.

Homeward Homes Buyers

Average Family Income	$40,177
Percentage of Buyers below 60% of Area Median Income	34%
Percentage of Buyers between 60-80% Area Median Income	35%
Percentage of Buyers over 80% of Area Median Income	31%

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