Business View Magazine | March 2019

128 have gone through various states of foreclo- sure can be purchased by the non-profit and resold to developers to rehab and resell to owner occupants. We’ve restored much of our real estate through that program, thanks to federal funding received in 2009/10 from the Neighborhood Stabilization Program (NSP).” After securing the NSP grant, South Euclid launched the Green Neighborhoods Initiative, which involved the rehabbing of some homes and the building of two new homes – all done to fully green standards. On properties where homes beyond saving had to be demol- ished, the city installed pocket parks and com- munity gardens. After federal funding ran out, One South Euclid started carrying on those ini- tiatives. The original NSPs were in two neigh- borhoods most severely affected by the hous- ing crash of 2008, but since One South Euclid has taken over the residential resale program, it is scattered throughout the city. Love admits, “If the city hadn’t started by getting that grant