CBA Project

Gordon Crossing

Gordon Crossing

Gordon Crossing is a 46-unit affordable housing development financed primarily by the 9% housing tax credit. The development will include 34 2-bedroom and 12 3-bedroom units in one four-story elevator building.

About the Developer & Project

  • Developer: WODA Cooper Development, Inc. & Frontline Development Group LLC
  • Primary Contractor: Woda Construction, Inc.

New Build Project at 1862 E. 101 Street

  • Start Date: October 28, 2024
  • Total Project Cost: $15,302,631
  • Total Hard Construction Cost: $10,672,947

Funds

  • City of Cleveland: $600,000
  • Bank Loan: $3,200,000
  • Equity Investment: $10,509,151
  • Ohio Affordable Housing Foundation: $90,000
  • Deferred Developer Fee: $892,076

Building (New Build)

  • Parcel: 119-12-059

Community Benefits Agreement Terms

MBE Participation Goal (15%) 
FBE Participation Goal (7%) 
CSB Participation Goal (8%)

Cleveland Resident Construction Worker Hours: 20% Requirement

Low-Income Cleveland Resident Construction Worker Hours: 4% of the 20% Requirement

Mentor/Protégé Program: (3) Mentor/Protégé Relationships.

Internships: (5) Cleveland Resident Interns at the Rate of $20 /hr. for a minimum of 50 hrs. worked per intern.

Community Engagement: (3) Community Stakeholders’ meetings

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