CLEVELAND ACTION TO SUPPORT HOUSING INC

CLEVELAND ACTION TO SUPPORT HOUSING INC CLEVELAND ACTION TO SUPPORT HOUSING WAS FORMED IN 1978 BY THE CITY OF CLEVELAND AND LOCAL BANKS AND SAVINGS AND LOANS. THE PURPOSE OF THE ORGANIZATION WAS AND IS TO PROVIDE HOME REPAIR OR REHABILITATION FINANCING FOR CITY OF CLEVELAND PROPERTY OWNERS. BELOW MARKET INTEREST RATES AND TECHNICAL ASSISTANCE ARE INCENTIVES TO BORROWERS. THE LENDING PARTNERS, HUNTINGTON NATIONAL BANK, KEY BANK, DOLLAR BANK, FIRSTMERIT BANK, THIRD FEDERAL SAVINGS AND LOAN ASSOC.,FIFTH THIRD BANK, FIRST PLACE BANK, PNC AND CHARTER ONE, OFFER A VARIETY OF LENDING SERVICES THROUGH C.A.S.H. THE TYPE OF LENDING SERVICES NEEDED ARE FOR ALL TYPES OF REPAIRS TO AN OWNER- OCCUPIED PROPERTY, TO LOANS FOR THE PURCHASE AND REFINANCE AND REPAIR OF AN INVESTOR OWNED PROPERTY, AND FINALLY FOR A PROJECT TO BE COMPLETED BY A LOCAL COMMUNITY DEVELOPMENT CORPORATION. ADDITIONALLY, EMERGENCY HOME REPAIR LOANS ARE OFFERED THROUGH THE BANKS OR WITH C.A.S.H. FINANCING. THE BELOW MARKET INTEREST RATE IS ACHIEVED THROUGH COMPENSATING