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 A Cleveland real estate development and management firm, The Ferchill Group is recognized for the reuse, restoration and expansion of buildings and properties in cities working to renew their image. With more than 25 years of experience, The Ferchill Group has acquired, developed or redeveloped $1.3 billion in real estate assets - including office buildings, full-service and limited-service hotels and residential projects - in Cleveland, Akron, Buffalo, Detroit, New York and Pittsburgh. In the urban redevelopment business, a willingness to take risks, a deep understanding of the intricacies of working with governments and an ability to assemble creative financing packages are critical. No one can deliver better on those capabilities than The Ferchill Group. |
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 Email Us 216.566.7676 Fax: 216.566.7579 Toll Free: 800.566.7676 1468 W. 9th Street Suite 135 Cleveland, Ohio 44113 |
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The Ferchill Group & The National Trust for Historic Preservation is submitting an application (NSP Application No. 479203576) to the U.S. Department of Housing and Urban Development (HUD) for $100 million to be used for the acquisition, financing, and rehabilitation of 1048 abandoned and/or foreclosed units of affordable housing. The National Trust intends to create the National Trust Neighborhood Stabilization Consortium, a partnership of preservation and community development organization, developers, and financial institutions joining forces to stabilize and redevelop historic neighborhoods and properties impacted by the foreclosure and housing crisis. Pursuant to the Notice of Funding Availability (NOFA) for the Neighborhood Stabilization Program 2 (Docket No. FR-5321-N-01) under the American Recovery and Reinvestment Act of 2009 for the purpose of assisting in the redevelopment of abandoned and foreclosed homes, HUD is making $1.93 billion available by competition to eligible states, units of local government, non-profits, and consortia of non-profits. The deadline for submission is July 17, 2009.
The Ferchill Group & The NTNSC is seeking public comment on its proposal to HUD. Please submit comments Information on this application is available for comment at: http://www.preservationnation.org/issues/community-revitalization/nsp.html <http://www.preservationnation.org/issues/community-revitalization/nsp.html> |
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