Last week,m Congresswoman Marcy Kaptur celebrated the allocation of $4,968,105.61 by the Ohio Housing Finance Agency (OHFA) to assist Northern Ohio land banks through its Neighborhood Initiative Program (NIP). Cuyahoga County Land Reutilization Corporation will receive $2,699,071.83, Lorain County Land Reutilization Corporation will receive $269,033.78 and Lucas County Land Reutilization Corporation will receive $2,000,000.00. These funds will be used to fight blight in NEO as well as for home stabilization.
“Through blight elimination we have increased our impact to not only stem the tide of foreclosures in critical neighborhoods, but to proactively preserve homeowner equity and enable our communities to wholly recover from the effects of the foreclosure crisis,” said Doug Garver, executive director of OHFA. Read more here.