Ohio Grants Money for New Homes in Mahoning, Columbiana
COLUMBUS, Ohio — The Ohio Department of Development is investing $100 million to help land banks purchase, rehabilitate, or build residential properties for income-eligible Ohioans. Additionally, $25 million in nonrefundable tax credits remain available to land banks and eligible developers for rehab and new construction projects once a property is sold.
The state announced the projects Thursday afternoon, including one project in Mahoning County and two in Columbiana County.
The Mahoning County Land Reutilization Corp. will receive $5 million in grants to purchase 19 newly constructed homes.
The Columbiana County Land Reutilization Corp. will receive $1.65 million in grants to purchase six newly constructed homes in Orchard Hill Estates, a subdivision of Leetonia. Additionally, it will receive $435,000 in grants to purchase, and $180,000 to rehabilitate, six homes in East Palestine.
More details will be forthcoming, said Tad Herold, director of economic development for the Columbiana County Land Reutilization Corp., noting that this is a new type of project for the land bank, which has often focused on demolishing blighted properties. More recently, he added, efforts have shifted toward property rehabilitation.
“Housing is a matter of economic development for towns in Columbiana County and across the state,” Herold said. “For a company or business to locate in a community, there needs to be available housing.”
“Safe, affordable housing opens doors to better opportunities for families and strengthens the fabric of our communities,” said Gov. Mike DeWine. “The Welcome Home Ohio program is creating pathways to homeownership for more Ohioans, while bringing new life to neighborhoods.”
“New jobs are being created in Ohio, and the population is growing in many communities. As a result, there is an increasing need for housing, and we must meet this demand to maintain affordability,” said Lt. Gov. Jon Husted. “More of our children and grandchildren are choosing to stay in Ohio, so we need to ensure an adequate housing supply to meet this demand.”
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