SitemapOrganizations in Mahoning and Trumbull counties that work to redevelop vacant, derelict properties into productive use have received a financial boost from the state for their effort to improve access to housing.
The Mahoning County Land Bank and the Trumbull County Land Bank, it was announced Wednesday, were among several like organizations in Ohio that will receive some of $29.5 million to acquire, rehabilitate or build homes for income-eligible residents.
The funding is part of the first round of grants through Welcome Home Ohio, a program that plans to invest $100 million in grants over two years to provide affordable and safe housing.
An additional $50 million in nonrefundable tax credits is available to land banks and eligible developers for rehab and new construction projects once a property is sold, according to the state.
“This program represents an innovative and forward-thinking approach that addresses the barriers many Ohioans face when trying to buy a home,” Gov. Mike DeWine said. In all, the $29.5 million awarded to entities in 17 counties will support the creation of 263 owner-occupied, single-family homes.
MAHONING COUNTY
The Mahoning County Land Bank, in partnership with Youngstown Neighborhood Development Corporation, was awarded $2.4 million to renovate six vacant homes and purchase six newly constructed homes.
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