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Federal Home Loan Bank of Pittsburgh Awards Two Grants Totaling $1.5 Million to YNDC

Wednesday, December 19, 2018

On Thursday, December 13, 2018, the Youngstown Neighborhood Development Corporation was awarded two $750,000 grants, totaling $1.5 million from the Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program for housing development in the City of Youngstown.

PNC is the member bank supporting YNDC’s application and partnering on both projects. One grant award will be used to construct three new homes for affordable homeownership and the second grant award will be used to complete the rehabilitation of twenty homes occupied by low-income homeowners in the first, second, and sixth wards of Youngstown. “YNDC and our partners are excited to announce these major investments that will allow continued progress in stabilizing neighborhoods and improving the overall housing quality of the City of Youngstown, one house at a time. We are grateful to the Federal Home Loan Bank of Pittsburgh for the grant awards and to PNC, the Mahoning County Land Bank, City of Youngstown and other partners for their support of these projects,” Ian Beniston, YNDC Executive Director.