New Housing Development Planned for Lorain Avenue
A new multifamily housing development is being planned for the West Side of Cleveland that would transform the current Thomas F. McCaffery Health Center site into residential units. According to a notice from Pennrose LLC regarding File No. 1119-2026, the project—known as Lorain Avenue Redevelopment-Family—aims to provide 62 units of affordable new construction housing at 4242 Lorain Ave.
What's in the file
The communication is a formal notice of intent from Michael Golden, an associate developer with Pennrose LLC, to apply for multifamily funding programs through the Ohio Housing Finance Agency (OHFA). The proposal outlines several key features of the development:
- The creation of 62 units of affordable family housing.
- Ground-floor nonprofit space intended to support neighborhood residents.
- Community amenities including on-site property management, community space, laundry, and a fitness center.
The developer intends to finance the project using 9% Low-Income Housing Tax Credits, a conventional first mortgage, and the OHFA Housing Development Loan Program. According to the notice, the development team includes Pennrose Holdings, LLC and Ohio City Inc. as general partners, with John G. Johnson Construction Company serving as the contractor.
Who may be affected
- Ward 7 residents: The project is located within this ward at 4242 Lorain Ave.
- Ohio City Inc.: Named as a partner and co-developer in the project.
- Neighborhood residents: The development includes ground-floor nonprofit space and amenities designed to support the local community.
Status and timeline
- August 28, 2026: The notice of intent was dated by Michael Golden of Pennrose LLC.
- September 17, 2026: The communication was officially introduced to City Council.
The record is currently listed as "Agenda Ready."
Residents can verify these details and track the progress of this development by reviewing the official record for File No. 1119-2026.
Key facts
- Proposed units
- 62
- Project address
- 4242 Lorain Ave
- Ward number
- 7
Source record
- File
- 1119-2026
- Type
- Communication
- Status
- Agenda Ready
- Committee
- City Council
- Introduced
- September 16, 2026