Local Money Released in Grant to Fuel Home Ownership - WKBN

Grant money has been released for a statewide program that is aimed at fueling home ownership. Mahoning and Trumbull counties will share in $29.5 million in the first round of the Welcome Home Ohio grant program that will help support property purchases, construction and renovations of homes across the state. The money is part of the Welcome Home Program, which will hand out $100 million in grants over the next two years to create residential properties for income-eligible Ohioans. The grants also come with $50 million in tax credits for landbanks and developers who rehab and build new construction projects, once a property is sold. Mahoning and Trumbull counties will get about $3.1 million, $2.4 million and $700,000 respectively.

With the funds, the Mahoning County Land Bank in partnership with the Youngstown Neighborhood Development Corporation, will build six new homes along Mineral Springs Avenue.

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