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Legislation would free up millions of dollars for demolition



Published: Tue, June 11, 2013 @ 5:18 p.m.

Legislation would free up millions of dollars for demolition

Mayors in Youngstown and Warren support a bill, introduced today by U.S. Sen. Rob Portman, that would permit unused money from a federal program to go toward the demolition of vacant structures.

The bill, called the Neighborhood Safety Act, would allow local governments and land banks to have access to money in the $7.6 billion federal Hardest Hit Fund. The fund, created in 2010, provides money to those losing their houses to foreclosure.

In Ohio, about $170 million of the $570 million allocated, about 30 percent, has been used, according to Portman’s office.

Portman’s proposal would allow communities and land banks to seek money for the Hardest Hit Fund through the Ohio Housing Finance Agency, which oversees the fund in the state.

Youngstown Mayor Charles Sammarone and Warren Mayor Doug Franklin, both Democrats, said they strongly support Portman’s proposal.

For the complete story, read Wednesday’s Vindicator and Vindy.com


Comments

11970mach1(1005 comments)posted 1 year, 1 month ago

Great job Senator Portman!

Suggest removal:

2Silence_Dogood(1311 comments)posted 1 year, 1 month ago

The reality is that Columbus will get the majority of the monies and Youngstown will be at the bottom of the list once again.

Suggest removal:

3UticaShale(850 comments)posted 1 year, 1 month ago

Youngstown's older housing stock has a hidden asset which was recently discovered but too complex for City leaders to digest, American Chestnut wood.

Suggest removal:


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