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Posted on: December 21, 2021

Cleveland Heights Approves Development Agreement with Amato Homes for Construction of New Housing

FOR IMMEDIATE RELEASE
 Media Contact:
 Mary Trupo
Director of Communications
mtrupo@clvhts.com

CLEVELAND HEIGHTS APPROVES DEVELOPMENT AGREEMENT WITH AMATO HOMES FOR CONSTRUCTION OF NEW HOUSING ALONG DESOTA AVENUE

Cleveland Heights, OH, December 21, 2021 - Monday night, Cleveland Heights City Council unanimously authorized entering into a Development Agreement with Amato Homes to construct new infill housing along Desota Avenue. This action represents the successful conclusion of negotiations between the City and Amato Homes over the past year.

The agreement establishes that Amato Homes (Developer) will construct new infill housing on building sites in the City, resulting in up to 18 new homes. The building sites are currently vacant lots owned or controlled by the City and acquired primarily due to the Great Recession of 2008/2009. The resulting new houses are to be single-family owner-occupied dwellings. 

The construction of new homes on lots that have been vacant for a significant period of time is anticipated to have a positive impact on neighborhood stabilization, vibrancy, and on attracting new residents to the City. 

Amato Homes is currently building extensively in the cities of Euclid, Maple Heights, Vermillion, Olmsted Falls, and other communities in Northeast Ohio. Their familiarity with infill housing and the housing market in this region is anticipated to be a positive factor in attaining the goals established in this Development Agreement. The Developer intends to substantially complete the project within 24 months after closing. The agreement envisions the lots being acquired by the Developer four (4) lots at a time, with the last acquisition phase consisting of any remaining lots. At this time, the project will not include any City funding for construction financing.
 
With this Development Agreement, the City and its Development Partner Amato Homes look forward to the construction of new infill housing along Desota Avenue.

More information on this exciting development is available at https://www.clevelandheights.com/1337/Neighborhood-Redevelopment.

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