YOUNGSTOWN, Ohio – The Federal Home Loan Bank of Pittsburgh has awarded Youngstown Neighborhood Development Corp. two grants totaling $1.5 million to build and renovate houses as part of the bank’s Affordable Housing Program.
One grant will be used to build three new homes, while the second will rehabilitate 20 homes for low-income homeowners. PNC served as the Federal Home Loan Bank member supporting YNDC’s application and will serve as a partner on both projects.
“YNDC and our partners are excited to announce these major investments that will allow continued progress in stabilizing neighborhoods and improving the overall housing quality of the city of Youngstown, one house at a time,” said Ian Beniston, executive director of YNDC, in a release. “We are grateful to the Federal Home Loan Bank of Pittsburgh for the grant awards and to PNC, the Mahoning County Land Bank, city of Youngstown and other partners for their support of these projects.”
The projects will begin in 2019. Details will be announced in the coming months.
Copyright 2019 The Business Journal, Youngstown, Ohio.
Published by The Business Journal, Youngstown, Ohio.
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