Fifteen of the lowest-income neighborhoods of Cleveland (Ohio) are the focus of this report. These areas encompass most of the traditional, new, and emerging poverty areas identified in a previous report. Several indicators of investment patterns have been chosen for this report. They fall into the general categories of housing and land, economic activity, and community block grants. When possible, changes that have occurred in recent years that are suggestive of disinvestment or reinvestment in various parts of the city are described. The fact that there is job growth and available land in the traditionally poor locations suggests that rebuilding strategies should be considered. These must be coupled with strategies to build human capacity. Higher prices (which would reflect a higher value placed on the neighborhood) coupled with high-risk loans in the hard-hit east areas are suggested as strategies to stabilize and support buyers and maintain housing quality. The mid-city areas are more varied, with some areas showing evidence of increased social troubles and more rapid disinvestment. It may be that tailoring the type of investment to type of neighborhood can influence the direction of neighborhood change. Six tables present study findings, and an appendix presents a city map. (SLD)