EDCOR Continues Loan and Assistance Programs for Homeowners

The City of Euclid continued its partnership with the Euclid Development Corporation (EDCOR) in 2025, providing $267,144.75 in low-interest home improvement loans to 18 qualified homeowners and $220,000.00 in down payment assistance to 22 first-time homebuyers through HOME funds.

Document date · March 16, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$267,144.75 loaned to 18 homeowners; $220,000.00 (22 Down Payment Assistance Loans)

Contract type

FINANCIAL_SERVICES

Contract term

Program Year 2025

Renewal date

2028-06-30

Renewal

Consortium agreement with Cuyahoga HOME Consortium is renewable every three years; current term renewed in 2023 through 2028.

Document type

Report

Source document

City of Euclid CDBG Activity Summary Report Program Year 2025

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city_of_euclid_cdbg_caper_report_fy_2024.pdf

ONGOING

City of Euclid, Ohio$71,280.55 (Low Interest Loans) and $154,000.00 (Down Payment Assistance Loans)Dec 31, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Euclid?

Euclid Development Corporation was awarded this financial services contract by City of Euclid, as recorded on March 16, 2026. The contract value is $267,144.75 loaned to 18 homeowners; $220,000.00 (22 Down Payment Assistance Loans).

How much is the Euclid Development Corporation contract with City of Euclid worth?

The Euclid Development Corporation contract with City of Euclid is valued at $267,144.75 loaned to 18 homeowners; $220,000.00 (22 Down Payment Assistance Loans), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in City of Euclid CDBG Activity Summary Report Program Year 2025 (Report), dated March 16, 2026 from City of Euclid. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Euclid Development Corporation hold?

Euclid Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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