$2,590
Harvard Village
6900 Harvard Ave, Cleveland, OH 44105
Independent Living
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Description of Harvard Village
Welcome to Harvard Village! Renovations have begun on Harvard School, a turn-of-the-century schoolhouse in Cleveland, Ohio's historic Slavic Village. National Church Residences is transforming the building into an affordable housing community for seniors age 55 and over.
Renovations have begun on Harvard School, a turn-of-the-century schoolhouse in Cleveland, Ohio's historic Slavic Village. National Church Residences is transforming the building into an affordable housing community for seniors age 55 and over.
A former elementary school, Harvard School closed its doors in the mid-1980's, and later served as a district administration building. NCR purchased the property in 2000. Plans call for Harvard Village Senior Apartments to be comprised of 48 one- and two-bedroom units, including several units specifically designed for disabled persons. NCR will pump over $6 million of improvements into the three-story building. Units will range from 650 to 850 square feet.
Special financing will allow NCR to offer reduced rents. Harvard Village Senior Apartments is a tax-credit community, which means that rents will be approximately 25% lower than the area's prevailing rate. Forty percent (40%) of the units will be available to seniors whose income is at, or below, 50% of the area median. The remaining units are designated for seniors whose income is at, or below 60% of the area median. Water, trash, and sewer services will be included in the rent.
Renovation on the re-named Harvard Village Senior Apartments is expected to be completed in late 2002.
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