YNDC will receive $420,000 in federal funding for neighborhood stabilization
The Youngstown Neighborhood Development Corp. will receive $420,000 from the U.S. Department of Health and Human Services’ Community Economic Development Opportunity for its neighborhood stabilization program, U.S. Rep. Tim Ryan of Howland, D-13th, announced.
The program uses effective strategies developed by YNDC to stabilize neighborhoods through strategic reinvestment, Ryan said Wednesday.
Repurposing vacant property and engaging and employing residents in the process have created dozens of jobs and have turned formerly distressed neighborhoods into communities where opportunity and choice now exist, he said.
“Over the last five years, this project has proved to be effective in addressing our vacant-property crisis,” Ryan said. “Through this funding, YNDC will be able to continue to repurpose vacant property, strengthen the housing market and improve quality of life in neighborhoods across Youngstown – all while creating jobs in the [Mahoning] Valley.”
In April, Ryan voiced his support for this program and urged the HHS to give this project strong consideration and to approve funding.
According to its website, YNDC is a multifaceted neighborhood development organization launched in 2009 in partnership with the city of Youngstown and The Raymond John Wean Foundation “to catalyze strategic neighborhood reinvestment in neighborhoods throughout the city.”