More neighborhood revitalization funds coming


More neighborhood revitalization funds coming

The Record Herald – Although the amount is not yet known, Fayette County will receive new Recovery Act funds to held aid the county purchase and rehabilitate vacant homes.

Sen. Sherrod Brown (D-Ohio) announced more than $175 million in new Recovery Act funds to help rebuild communities across Ohio devastated by the housing and economic crisis. The federal funds were distributed through the U.S. Department of Housing and Urban Development's Neighborhood Stabilization Program (NSP).

Approximately $25.4 million of that amount was distributed to the State of Ohio's Department of Development, which will distribute it to various counties in the state, including Fayette, according to Bambi Baughn of Community Action Council.

"These funds are about helping Main Street recover from the economic crisis," Brown said. "By rebuilding neighborhoods devastated by the economic crisis, we will improve surrounding property values, create new jobs, and foster long-term economic growth. By putting vacant properties and lots to good use and targeting funds to the hardest-hit communities, we can rebuild our downtowns and strengthen our communities."

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