Potential Loan Forgiveness for Afford-A-Home Participants
Cleveland City Council is considering a proposal that could provide financial relief to residents participating in the city's Afford-A-Home program. Under the terms of Ord. No. 189-2024, the Director of Community Development would be authorized to forgive up to $10,000 in loan balances for eligible participants. If the ordinance moves forward, this authority would also allow the city to release associated mortgages and cancel promissory notes when applicable.
What's in the file
The proposed emergency ordinance would grant the Director of Community Development the authority to:
- Forgive loan balances of up to $10,000 for eligible participants in the Afford-A-Home program.
- Release associated mortgages and cancel promissory notes related to those loans.
Who may be affected
- Residents participating in the Afford-A-Home program
- The Department of Community Development
Status and timeline
February 8, 2024: Ord. No. 189-2024 was introduced to City Council.
The ordinance is currently tabled.
Residents can verify the details of this proposal by reviewing the official record at Cleveland City Council.
Source record
- File
- 189-2024
- Type
- Emergency Ordinance
- Status
- Tabled
- Committee
- City Council
- Introduced
- February 7, 2024
Official documents
- 189-2024-Forgive loans under the Afford a Home program
- 189-2024 FINAL VERSION - City Record May 22, 2026 - Page 83