Sen. Brown Announces More Than $175 Million to Rebuild Ohio Neighborhoods, Create Jobs

Recovery Funds to Help Rebuild Neighborhoods in Columbus, Dayton, Springfield, Toledo, and 35 Counties Devastated by Foreclosures, Economic Crisis

COLUMBUS, OH – U.S. Sen. Sherrod Brown (D-OH) today announced $175,214,547 in new Recovery Act funds to help rebuild communities across Ohio devastated by the housing and economic crisis. The federal funds were distributed through the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP), which provides communities with the resources to purchase and rehabilitate vacant homes and convert them to affordable housing.

“These funds are about helping Main Street recover from the economic crisis,” Brown said. “By rebuilding neighborhoods devastated by the economic crisis, we will improve surrounding property values, create new jobs, and foster long-term economic growth. By putting vacant properties and lots to good use and targeting funds to the hardest-hit communities, we can rebuild our downtowns and strengthen our communities.”

The NSP program was created in 2008 to help communities renovate homes or tear down blighted properties. It is estimated that each dollar in NSP funding has more than twice the economic impact due to a multiplier effect generated through new jobs and rehabilitated housing. The first wave of funding, in Sep. 2008, was distributed to communities based on need through a formula grant process.

A list of Ohio recipients can be found below.

City of Columbus

OH

$23,200,773

NSP II

City of Dayton

OH

$29,363,660

NSP II

City of Springfield

OH

$6,101,315

NSP II

City of Toledo

OH

$10,150,840

NSP II

Cuyahoga County Land Revitalization Corp.

OH

$40,841,390

NSP II

Hamilton County

OH

$24,068,968

NSP II

State of Ohio*

OH

$25,422,148

NSP II

The Community Builders Inc.

OH

$16,065,453

NSP II

 

*State of Ohio includes Adams, Allen, Belmont, Brown, Clinton, Columbiana, Coshocton, Crawford, Darke, Fairfield, Fayette, Guernsey, Hancock, Harrison, Highland, Jefferson, Licking, Marion, Medina, Meigs, Morgan, Morrow, Muskingum, Perry, Pike, Portage, Putnam, Ross, Scioto, Seneca, Van Wert, Vinton, and Wood Counties.

Brown joined U.S. Secretary of Housing and Urban Development Shaun Donovan in Columbus today to announce the Ohio recipients of the new funds. Today’s announcement represents the culmination of a competitive grant process through which states, local governments, non-profits, consortiums, and partners applied for funding aimed at rebuilding local economies. Applicants were required to serve areas with high foreclosure or vacancy rates and awards were based on need, capacity, and soundness of an applicant’s approach. HUD also considered the ability of an applicant to leverage additional funds, utilize energy efficiency/sustainability technologies, and transform neighborhoods. Applicants were required to demonstrate an ability to return at least 100 abandoned or foreclosed units to market or address their destabilizing effects.

Brown is a leading proponent of providing assistance to communities affected by the housing crisis and population loss. He fought for the creation of the Neighborhood Stabilization Program in the Housing and Economic Recovery Act of 2008 and the continuation of the program in the American Recovery and Reinvestment Act (ARRA) of 2009. In Sep. 2008, Brown announced that Ohio communities would receive more than $258 million in NSP funds authorized by the housing bill. In Sep. 2009, Brown wrote to Secretary Donovan in support of Ohio applicants to the second wave of funding through the NSP program.

Brown also introduced the Community Regeneration, Sustainability and Innovation Act of 2009 with Sen. Charles Schumer (D-NY) and Reps. Tim Ryan (D-OH0 and Brian Higgins (D-NY). This legislation would create a new, competitive grant program within the U.S. Department of Housing and  Urban Development (HUD) targeted toward cities and metropolitan areas experiencing large-scale property vacancy and abandonment due to long-term employment and population losses.

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