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Properties within the Transit Village and Southern Moreland Community Reinvestment Areas (CRAs) are eligible for tax exemption when new construction of residential-only, for-sale, single family homes occurs, with a minimum investment of $125,000. Owner occupancy of the home is required in both CRAs. A tax exemption of 100% of the increase in the assessed valuation of the property resulting from new construction shall be granted for a period of up to ten years in the Southern Moreland CRA and up to fifteen years in the Transit Village CRA, upon proper application by the property owner and certification of such application thereof by the Housing Officer. Applications must be filed with the Housing Officer no later than six months after completion of the new construction. The Housing Officer shall determine whether an application meets the requirements of this Chapter, State law and the rules and regulations for implementation. Please reference Shaker Heights Ordinance 14-97 (enacted February 23, 2015) and Ordinance 16-33 (enacted March 28, 2016) for details and additional information about requirements in each CRA. Learn more on the Tax Abatement page.
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