Ohio receives $97 million to fight blight - WFMJ.com News weather sports for Youngstown-Warren Ohio

Ohio receives $97 million to fight blight

Posted: Updated:

The U.S. Department of Treasury announced that Ohio will be given money to help remove blight from neighborhoods.

More than $97 million will be made available to Ohio from the Hardest Hit Fund, according to a news release from the Treasury.

The U.S. Department of Treasury says the Hardest Hit Fund was created in 2010 to help provide aid to families in states hit hard by the economic and housing market downturn. The Hardest Hit Fund provides funding for state Housing Financing Agencies to develop locally-tailored foreclosure prevention solution.

The Treasury said in a news release that in order to qualify for funding, Housing Financing Agencies must have utilized at least 50 percent of their existing Hardest Hit Fund allocations.

Senator Sherrod Brown, D-Ohio, said that more than $570 million has been awarded to Ohio and has helped more than 24,500 Ohioans since 2010.

Brown's office said that nearly $80 million was given to Ohio land banks in 2013. From that allocation, the Trumbull County Land Reutilization Corporation received more than $4.8 million, the Mahoning County Land Reutilization Corporation received more than $4.7 million, and the Columbiana County Land Reutilization Corporation received more than $1.6 million.

Along with this $97 million, Ohio also has the opportunity to apply for an additional $250 million, according to a news release from Senator Rob Portman, R-Ohio.

"Abandoned and blighted properties hurt neighborhood home values and tend to be magnets for crime," Portman said.

Brown's office said that this money hasn't been awarded to individual counties yet. The money will be distributed after the Housing Financing Agency applies for the additional $250 million. The deadline to apply for the additional money is March 11, and the Treasury said it will announce the additional allocations by the end of April.

  • More NewsMore>>

  • Prosecutor: Actor gave detailed instructions for fake attack

    Prosecutor: Actor gave detailed instructions for fake attack

    Thursday, February 21 2019 4:45 PM EST2019-02-21 21:45:56 GMT
    (Richard Shotwell/Invision/AP, File). FILE - In this May 20, 2016 file photo, actor and singer Jussie Smollett attends the "Empire" FYC Event in Los Angeles. A police official says "Empire" actor is now considered a suspect "for filing a false police r...(Richard Shotwell/Invision/AP, File). FILE - In this May 20, 2016 file photo, actor and singer Jussie Smollett attends the "Empire" FYC Event in Los Angeles. A police official says "Empire" actor is now considered a suspect "for filing a false police r...
    (Richard Shotwell/Invision/AP, File). FILE - In this May 20, 2016 file photo, actor and singer Jussie Smollett attends the "Empire" FYC Event in Los Angeles. A police official says "Empire" actor is now considered a suspect "for filing a false police r...(Richard Shotwell/Invision/AP, File). FILE - In this May 20, 2016 file photo, actor and singer Jussie Smollett attends the "Empire" FYC Event in Los Angeles. A police official says "Empire" actor is now considered a suspect "for filing a false police r...
    'Empire' actor Jussie Smollett goes from victim to accused felon in less than a month.More >>
    'Empire' actor Jussie Smollett goes from victim to accused felon in less than a month.More >>
  • Officials say they can't rule out 'careless smoking' as cause of fire that killed 5 kids

    Officials say they can't rule out 'careless smoking' as cause of fire that killed 5 kids

    Thursday, February 21 2019 4:41 PM EST2019-02-21 21:41:05 GMT

    Youngstown fire officials say they will likely never know for sure what caused the fire that killed five children in December.  

    More >>

    Youngstown fire officials say they will likely never know for sure what caused the fire that killed five children in December.  

    More >>
  • County leaders question gas tax allocation formula

    County leaders question gas tax allocation formula

    Thursday, February 21 2019 4:18 PM EST2019-02-21 21:18:45 GMT
    Ohio Governor Mike DeWine and the state transportation director are proposing an 18 cent per gallon increase in the state gas tax. They say the hike is needed to address am "impending crisis", in the state transportation budget.  The proposed hike would generate $1.2 million in the first year.  60% of the funds would go to the Ohio Department of Transportation and 40% would go to local county governments.  In 2020, the first fiscal year that would e...More >>
    Ohio Governor Mike DeWine and the state transportation director are proposing an 18 cent per gallon increase in the state gas tax. They say the hike is needed to address am "impending crisis", in the state transportation budget.  The proposed hike would generate $1.2 million in the first year.  60% of the funds would go to the Ohio Department of Transportation and 40% would go to local county governments.  In 2020, the first fiscal year that would e...More >>
Powered by Frankly
All content © Copyright 2000 - 2019 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms