Valley Economic Development Partners in Youngstown gets nearly $4M grant to invest in community
YOUNGSTOWN, Ohio - A local organization is getting nearly $4 million dollars to help invest in the community.
Valley Economic Development Partners in Youngstown will receive $3,966,142 to expand housing and economic opportunities for area families.
The grant is one of 15 spread throughout Ohio totaling $42,726,127, according to Senator Sherrod Brown's Office.
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund's goal is to expand economic opportunity in communities by providing them access to financial products and services for underserved people and businesses in urban and rural communities.
The grants were awarded through CDFI's Equitable Recovery Program which makes investments in communities facing economic impacts from the COVID-19 pandemic.
