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Sep.26, 2008: Reps. Ryan and Wilson Announce Housing Bill Grants for Demolition and Redevelopment |
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(Washington, D.C.) Congressmen Tim Ryan (OH-17) and Charlie
Wilson (OH-6) announced today that the Department of Housing and Urban
Development (HUD) is awarding $2,708,205 to the City of Youngstown. This money
was appropriated by Congress in the major housing bill it passed in July.
Seventy-five percent of the money can be used for demolition. Twenty-five
percent can be used to purchase and redevelop abandoned and foreclosed homes
that will be used to house families whose incomes do not exceed 50% of area
median income.
“This money will provide our struggling cities with the
opportunity to demolish abandoned properties and take possession of homes that
can be rehabilitated, said Congressman Ryan. “We need to take care of our
neighborhoods and keep our cities moving forward.”
“I’m proud that this money will help clean up blighted
homes,” Wilson said. “If foreclosed properties are so far gone that they
can’t be rehabilitated, neighborhoods need to have the ability to get rid of the
problem. I fought hard for the demolition option as the legislation was being
crafted in the Financial Services Committee. I’m pleased the money is reaching
Ohio neighborhoods in need.”
The City of Akron is receiving $8,583,491.53 and other parts
of Summit County will receive $3,767,143.53. The State of Ohio also is
receiveing $116,859,222 to distribute to counties and cities at its discretion.
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