Youngstown Receiving over $4 Million in Federal Investments

Jul 30, 2012 Issues: Helping Working Families

FOR IMMEDIATE RELEASE
July 27, 2012
Contact: Press Office

202-225-5261 
ryan.press@mail.house.gov

Youngstown Receiving over $4 Million in Federal Investments

(Washington, D.C.) Congressman Tim Ryan is pleased to announce that the City of Youngstown will receive $3,339,467 in Community Development Block Grant funding; an Emergency Shelter Grant of $315,245; and $584,083 in funding for the HOME Investment Partnership. The over $4 million allocation is from the Department of Housing and Urban Development.

“Federal investments in our cities are crucial, especially in the area of housing—and I am happy to see the City of Youngstown receive this money,”said Congressman Ryan. “We will continue to work to bring our people's hard earned tax dollars back to Ohio. Investments like this are essential to create economic opportunity – and making sure people have shelter is critical to helping them achieve a stronger financial footing.”

The CDBG program provides annual grants to the states and local communities to develop decent housing and suitable living conditions, and expanding economic opportunities for low and moderate income individuals. The Emergency Shelter Grant provides funding to improve the quality and number of emergency shelters available to rapidly re-house persons and prevent homelessness. The HOME program helps to expand the supply of affordable housing to low and very low income families by funding housing programs that meet local needs and priorities.