New Affordable Housing Funding Proposed for Ward 5
Cleveland is moving forward with plans to support new residential construction through an emergency ordinance that provides financial assistance for the Oasis Hyacinth Project. Under Ord. No. 898-2026, the Director of the Department of Development is authorized to enter into an agreement with the Eternal Housing Fund, or its designee, to provide affordable housing and living spaces for city residents.
What's in the file
The legislation authorizes the use of Ward 5 Neighborhood Equity Funds to support the Oasis Hyacinth Project. According to the 898-2026-FOR PASSAGE-Oasis Hyacinth Project legislation, the city views the provision of affordable residential housing as a valid public purpose to promote the health, wellness, and economic welfare of Cleveland families.
The agreement includes the following specific provisions:
- Financial assistance for the construction of affordable residential housing.
- Funding to be paid from Fund No. 10 SF 166.
- A contract limit not to exceed $150,000.00.
| Item | Detail |
|---|---|
| Contract Limit | $150,000.00 |
| Fund Number | 10 SF 166 |
| Project Start Date | September 1, 2026 |
Who may be affected
- Ward 5 residents: The project utilizes Ward 5 Neighborhood Equity Funds to provide affordable housing in the area.
- Eternal Housing Fund: The entity authorized to enter the contract for the Oasis Hyacinth Project.
- Department of Development: The city department responsible for entering the agreement.
Status and timeline
The ordinance has been passed and follows a timeline of several administrative and legislative steps:
- December 10, 2025: The Housing Advisory Board approved the matter.
- August 19, 2026: The ordinance was read a third time and passed by City Council.
Residents can verify all details of this legislation by reviewing the official record at the Cleveland City Clerk's website.
Key facts
- Ward Number
- Ward 5
- Project Start Date
- September 1, 2026
Source record
- File
- 898-2026
- Type
- Emergency Ordinance
- Status
- Passed
- Committee
- City Council
- Introduced
- August 11, 2026