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Premier Bank Helps YNDC, Habitat for Humanity Secure Affordable Housing Funds - The Business Journal

Premier Bank has announced that its community partners, Youngstown Neighborhood Development Corp. and Habitat for Humanity MidOhio, have been selected as 2021 Affordable Housing Program funding recipients. 

Premier Bank helped both agencies secure funding for initiatives that provide low-to-moderate income residents and families access to affordable housing, the bank said. 

Federal Home Loan Bank of Cincinnati’s Affordable Housing Program provides grants awarded on a competitive basis and subsidized loans for the acquisition, construction or rehabilitation of affordable housing for households with incomes at or below 80% of the area’s median income. 

The Youngstown Neighborhood Development Corp. will receive $1,000,000 from the AHP for the Youngstown Home Repair program 2021. This program offers an emergency home repair program to assist residents of owner-occupied, single-family homes with emergency repairs, primarily roof replacements at no cost to the owners. 

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