Banking & Finance

Huntington Bank Funds Side Lot Incentive Program

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WARREN, Ohio – A check presentation Wednesday launched the fourth year that Huntington Bank and the Trumbull County Land Reutilization Corp. have partnered on a program that enables city residents to improve vacant properties adjacent to their homes.

The Side Lot Incentive Program, funded by a $10,000 grant from Huntington, provides a $250 gift card to Lowes for eligible residents who have purchased a side lot from the Trumbull County Land Bank. The gift card enables them to purchase tools, materials and supplies to make the improvements to the property.

Meredith Bungard, who lives on Adelaide Avenue, received a ceremonial check from William Shivers, president of Huntington Bank’s Mahoning Valley and Akron/Canton regions. She lives in a home built by her parents in 1952. The Side Lot Incentive Program, administered by the Trumbull Neighborhood Partnership, has aided 135 homeowners over the four years of its existence.

“This year Huntington Bank is celebrating 150 years of serving its communities,” Shivers said in a statement. “Our firm belief is that community development is not a singular process, but a continuing commitment.”

Added Matt Martin, TNP executive director, “Many of our residents have already been maintaining these lots for some time, so this is a great opportunity for them.” .

Trumbull County homeowners are able to acquire a side lot, if made available via tax foreclosure, through the Land Bank for a small fee, often as little as $200.

Gift card applications are available on TNP’s homepage or by contacting TNP at 330 469 6828.

Pictured: Lisa Quattrochi, vice president of commercial development for Huntington Bank, Matt Martin, executive director of the Neighborhood Partnership; Meredith Bungard, William Shivers and;Lisa Ramsey from TNP.

Published by The Business Journal, Youngstown, Ohio.