Assessing Cleveland Restoration Society’s Home Improvement Program
Historic preservation investments are meant to save and protect a community’s architectural past. However, they may also come with financial benefits for today and the future. Loans to help homeowners rehabilitate
older houses may ultimately boost neighborhood property values. A new study by Cleveland State University’s Center for Housing Research & Policy has quantified gains in market value among homes participating in local historic preservation programs, as well as those nearby participating homes.