CLEVELAND — Frontline Development Group LLC and Woda Cooper Cos. Inc. have broken ground on Gordon Crossing, a $17.6 million affordable housing development in Cleveland. The four-story development will feature 42 two-bedroom and 12 three-bedroom apartments.
Gordon Crossing will be available to households earning up to 80 percent of the area median income. Rents are expected to range from $362 to $1,699, depending on household income and unit size. Residents will have access to shared amenities such as a community room with kitchenette, on-site management office, parcel room and outdoor spaces.
The project team includes architect PCI Design Group, civil engineer Environmental Design Group and sustainability consultant Sol Design + Consulting. Woda Construction Inc. will serve as general contractor, and Woda Cooper’s management division will oversee property management.
RBC Capital provided an equity investment to support the development. The Ohio Housing Finance Agency allocated utilizing housing tax credits. The Cuyahoga Metropolitan Housing Authority also provided support, and both the Cleveland-Cuyahoga County Port Authority and the City of Cleveland contributed through tax incentives.
Lenders include Dollar Bank, CF Bank, the City of Cleveland, the Ohio Affordable Housing Foundation and OHFA Housing Development Loan program. Additional financing for select units comes from West Union Bank and Cuyahoga County.