SitemapThe city of Youngstown has been looking for ways to get people to move back into the city and now, if they build new, they won’t have to pay property taxes for 15 years.
It’s called a Community Reinvestment Area (CRA) and in some cases could mean a savings of $20,000.
There’s space for new businesses to open and existing ones to expand along Andrews Avenue. Along Sheridan Road, existing homes could also be expanded and new ones could be built along its side streets.
“I think expanding the CRA to all neighborhoods helps the whole city as a whole,” said Community Development Director Beverly Hosey.
CRAs were created by the Ohio legislature.
At its last meeting, Youngstown City Council approved making the whole city a CRA.
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