Development Intent Filed for Warner and Swasey Phase III
A developer has submitted a notice of intent to pursue state funding for a multifamily housing project in Ward 5. Through file number 1346-2026, Michael Golden of Penrose LLC is notifying the city of plans to apply to the Ohio Housing Finance Agency (OHFA) for the Warner and Swasey Redevelopment Phase III, located at 5701 Carnegie Ave.
What's in the file
The communication from Penrose LLC serves as a formal notice that the developer intends to apply for the Ohio Housing Finance Agency's multifamily funding program. This funding is intended to support the development of the Warner and Swasey Redevelopment Phase III project at 5701 Carnegie Ave.
Who may be affected
- Ward 5 residents
- Penrose LLC
- Ohio Housing Finance Agency
Status and timeline
2026-11-04: The communication was introduced to City Council and is currently listed as Agenda Ready.
Residents can verify these details by reviewing the official source record for file 1346-2026.
Key facts
- Project location
- 5701 Carnegie Ave.
- Ward
- 5
- Developer
- Penrose LLC
Source record
- File
- 1346-2026
- Type
- Communication
- Status
- Agenda Ready
- Committee
- City Council
- Introduced
- November 3, 2026