Economic Development

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YNDC Rehabs, Sells 4 Houses in 1Q

April 3, 2015

YOUNGSTOWN, Ohio – Youngstown Neighborhood Development Corp. finalized the sale of four rehabilitated houses during the first three months of 2015, YNDC reported today.

In its January-March 2015 performance report issued this morning, YNDC said it finalized the sale of two houses in the city’s Idora neighborhood on the South Side, a third South Side home in the Indian Village neighborhood and the fourth in the Crandall Park neighborhood on the North Side.

YNDC completed rehabilitation on five houses total and another six are in progress. The agency has begun predevelopment work on the Clearmont, a four-unit apartment building constructed in 1928 at Glenwood and Clearmont avenues. Three more strategic acquisition and rehabilitation properties also have been acquired.

This year YNDC has identified 26 projects for its Paint Youngstown limited repair program for the 2014-2015 grant year. To date, 34 of the projects have been completed and two are in progress. A minimum of five are to be completed in each of the city’s seven wards. In addition, one owner-occupied full rehab project will be completed in each ward, with six already under way.

YNDC conducted three volunteer neighborhood work days during the first three months of 2015 in the area adjacent to Taft Elementary School on the Martin Luther King Day of Service, in the Idora neighborhood and on Bennington Avenue. This spring, the agency plans to conduct 12 community workday events in conjunction with more than a dozen neighborhood groups.

Also during the quarter, YNDC launched a series of seven small-business development classes last month, YNDC reported.

The first class, which was held March 17, was attended by 36 aspiring business owners. The class heard from representatives of the Ohio State University Extension, the Ohio Small Business Development Center at Youngstown State University and the Mahoning Valley Economic Development Corp.

Highlights of the quarter also included the award of $38,000 from new funders, including a $12,500 Dominion Community Impact Award for YNDC’s Revitalize program. JP Morgan Chase, Huntington National Bank and Wells Fargo also donated a total of six properties to YNDC’s strategic acquisition and rehabilitation program.

Published by The Business Journal, Youngstown, Ohio.