About $7.5 million is coming to the land banks of Mahoning and Trumbull counties to demolish vacant homes primarily in Youngstown and Warren.
The Ohio Housing Finance Agency announced the Neighborhood Initiative Program grant Friday. The money comes from $60 million the state received through the federal Hardest Hit Fund, originally intended to provide money to those losing their homes to foreclosure.
The money would pay to demolish at least 171 structures in Mahoning County, which received $4,266,250, and at least 129 in Trumbull County, which received $3,221,250.
That’s at a maximum cost of $25,000 per structure.
To read the full article, please click the source link below:Mahoning Valley gets $7.5M to raze 300 vacant homes »