Rep. McNally Announces $7.265M for home construction and renovation

COLUMBUS – State Rep. Lauren McNally (D-Youngstown) today announced that the Mahoning County Land Reutilization Corporation and the Columbiana County Land Reutilization Corporation will receive $7,265,000 as part of the Ohio Department of Development’s (ODD) Welcome Home Ohio Grant Program.

“Housing affordability remains a huge concern throughout the state and in our region,” said Rep. McNally. “These local organizations and the funding flowing to support them will create more quality housing stock, which will in turn help with overall housing costs. This funding from the general assembly is extremely important to stabilize our growing housing needs.”

The Welcome Home Ohio program, which is awarding a total of $25.7 million in grants and $119,274 in planned tax credits around the state to support the creation of 133 owner-occupied, and the rehabilitation of 3, single-family homes in its third funding round, was created by the Ohio General Assembly with the passage of House Bill (HB) 33.  It is intended to invest a total of $100 million in grants over two years to help landbanks purchase, rehabilitate, or build qualifying residential properties for income-eligible Ohioans. An additional $50 million in nonrefundable tax credits is available to landbanks and eligible developers for rehab and new construction projects once a property is sold. 

The Mahoning County Land Reutilization Corporation, otherwise known as Mahoning County Land Bank, will utilize $5M to purchase 19 newly constructed homes. The Columbiana County Land Reutilization Corporation, otherwise known as the Columbiana County Land Bank, is receiving $1.65 million in grants to purchase six newly constructed homes in the Orchard Hill Estates subdivision of Leetonia and $435,000 in grants to purchase and $180,000 to rehabilitate six homes in the village of East Palestine.

Grant and tax credit applications opened on January 9, 2024. A maximum of $30,000 can be applied to each qualified residential property for rehabilitation and construction while a maximum of $90,000 or one-third the cost of rehab/construction, whichever is less, are eligible for the tax credit.