Business View Magazine | March 2019

129 funding to do the rehab and build new homes, I’m not sure the private market would have taken it on. But with the success of the Green Neighborhoods initiative, One South Euclid’s program has been marketing properties to de- velopers to rehab because they see that there’s a market for it and it worked here.” Once homes are rehabbed and resold to owner occupants, the proceeds go to One South Euclid, which reinvests the money directly back into the community through a neighbor- hood grant program. Those funds are used to provide grants to homeowners for exterior repairs to their property; for community events like block parties; for senior citizen residents needing grass cutting and snow plowing ser- vices; and for a commercial storefront renova- tion program for commercial business owners. Because the funds are locally held, there is much less restriction in terms of how grants are awarded. Love explains, “There is no maxi- mum income for someone to get a grant, so we can consider their whole situation. Even if their income looks good on paper, we’re able to take into account, for instance, if they have three kids in college and a medical issue that is resulting in high bills and is the reason why they’re really in need of this grant.” The city’s Comprehensive Master Plan en- WWW.FIRST-INTE RSTATE.COM