Washington, D.C. – March 3, 2014 – (RealEstateRama) — Congressman Tim Ryan announced nearly $650,000 in successful grant approvals today awarded for both Neighborhood Development Services in Ravenna and the East Akron Neighborhood Development Corporation Inc. Neighborhood Development Services was awarded $572,500 in grant funds, and East Akron Neighborhood Development Corporation Inc. was awarded $176,000 in grant funds. NeighborhoodWorks America has awarded these grants in order to create opportunities for people to obtain affordable housing, improving their lives and strengthening the communities in which they reside.
“These funds will go a long way to help aid residents residing in our district when they need it most.” said Congressman Ryan. “Our economy is growing stronger every day, but communities and households across the country were hurt during our nations recent recession and this is exactly the kind of reinvestment and action needed to assure that they get back on their feet.”
David Vaughan, Executive Director of Neighborhood Development Services said, “The NeighborWorks funding made possible by Congressman Ryan’s support of Neighborworks America is critical financing with which to create new homeowners, develop afford able rental housing, create jobs and support community development efforts. Examples would be the movie theater in Barberton, senior housing, Harvest Rose in Ravenna, new affordable single family houses and economic development lending that creates jobs.”
“The East Akron Neighborhood Development Corporation (EANDC) is very pleased to have been included in the 2014 grant awards from NeighborWorks America,” said EANDC President and CEO, Grady Appleton. “This is the 10th year in a row that EANDC has received NeighborWorks funding. Their consistent support has allowed EANDC to rebuild and revitalize this community and strengthen the entire Akron area.”
The grants are intended to support local NeighborWorks’ 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 the State of Ohio. NeighborWorks America is a public nonprofit organization, established by Congress in 1978. Through just their efforts last year alone, 21,000 individuals were afforded an opportunity to own a home, 16,200 family households were saved from foreclosure and 43,800 family households in need were repaired.