Living Cities to award $14.75 million to Cleveland to boost redevelopment effort masterminded by Cleveland Foundation:

Cleveland has made the cut in a national philanthropic competition aimed at jump-starting fresh ideas about how to fight poverty, rebuild urban wastelands and build wealth in poor neighborhoods.

Living Cities, a consortium of the world’s 22 largest foundations and banks, is set to announce today in Detroit that Cleveland is one of five U.S. metropolitan areas to share an $80 million basket of grants and loans. Cleveland and the other winners — Detroit; Baltimore; Newark, N.J.; and Minneapolis-St. Paul, Minn. — were selected from 23 competing cities.

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Old Stone Church, Downtown Cleveland
Creative Commons License photo credit: eli.pousson

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