Federal Home Loan Bank of Pittsburgh Awards $1,500,000 to YNDC for Affordable Housing Development

Monday, December 16, 2024

On Thursday, December 12, 2024, the Youngstown Neighborhood Development Corporation was awarded $1,500,000 in grants from the Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program for affordable housing development. PNC Bank is the member bank supporting YNDC’s application and partnering on the projects.

The grant award will assist with the construction of three new duplexes in the City of Youngstown along Glenwood Avenue and the renovation of four homes on Pearce Avenue and Lake Drive.

“YNDC is happy to announce this investment that will allow for the creation of another ten high quality new housing units along the greater Glenwood Avenue corridor as part of our long term and incremental neighborhood stabilization work. We are grateful to our partners at the Federal Home Loan Bank of Pittsburgh, PNC Bank, Mahoning County Land Bank, City of Youngstown, Mahoning County, The Raymond John Wean Foundation, Flying High and others for their support and partnership in creating this success,” said Ian Beniston, YNDC Executive Director.

The projects will be completed in 2025.