Congressman Tim Ryan Announces $200,000 Grant for East Akron Neighborhood Development Corporation

Mar 2, 2015 Issues: Helping Working Families

Akron, Ohio – Congressman Tim Ryan is announcing today a $204,750 federal grant for the East Akron Neighborhood Development Corporation to support local NeighborWorks organization efforts to revitalize and sustain their communities, promote and preserve affordable housing for the residents of their service areas, and create and sustain jobs through local NeighborWorks-supported projects and activities in Ohio.

“These funds will make a lasting impact on the lives of those in our community who need it the most,” said Congressman Ryan. “This grant will enable East Akron Neighborhood Development Corporation to continue to create jobs, provide housing opportunities and strengthen our neighborhoods – I applaud them for the work they have done over the past 30 years and the work they will continue to do in the years to come.”

NeighborWorks America is a public nonprofit organization, established by Congress in 1978 as the Neighborhood Reinvestment Corporation (through Public Law 95-557). It supports and builds the capacity of over 245 local and regional nonprofit partner NeighborWorks organizations, comprised of local, private-sector business leaders, local government representatives, and community residents. For over 35 years, NeighborWorks America has supported local, community based solutions to development and affordable housing issues in all 50 states, the District of Columbia and Puerto Rico; in America’s urban, suburban and rural communities.  Local NeighborWorks organizations receive financial and grant support, training, technical assistance, technology tools and other services from NeighborWorks® America.

In FY 2014, NeighborWorks and the NeighborWorks network assisted over 323,000 families in total, including:

  • 21,000 homeowners created
  • 9,600 quality, affordable rental homes developed
  • 16,600 affordable homes preserved
  • 58,600 homes repaired
  • 118,200 quality, affordable rental homes owned and/or managed
  • 108,500 families and individuals counseled on financial capacity, pre-purchase, post-purchase, or foreclosure issues, and
  • 20,100 training certificates issued