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When hearing a government official prattle on about his vision for his jurisdiction, a wag once said “Don’t tell me what you support; show me your budget.” Similarly, for several years, Cuyahoga County officials have talked and planned about Transit Oriented Development (TOD) . But now they’re putting their money where their mouths are.
Yesterday, the Cuyahoga County Department of Development announced a new TOD Loan Program utilizing existing loan funds, but designed to catalyze mixed-use, high-density development projects located near high-frequency public transit.
The goal of the program is to enable real estate projects that strengthen transit accessible communities, promote rein