Dayton, Ohio – As part of the Dayton Recovery Plan, the City of Dayton has set aside more than $18 million for housing development and renovations in what appears to be an effort in improving the overall condition of the housing landscape across the city. Using money from the federal American Rescue Plan Act, this project intends to revitalize homes in Wolf Creek, Carillon, Edgemont, Miami Chapel, Five Oaks, Old North Dayton, and Twin Towers among several key locations.
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The all-encompassing strategy calls for a number of initiatives scheduled to launch through 2024 and 2025. Among important expenditures are the restoration of over 20 abandoned buildings under Montgomery County Land Reutilization Corporation, sometimes known as the land bank. Once repaired, these structures will be sold as owner-occupied residences, therefore creating fresh chances for local house ownership.
County Corp will supervise the management of grants up to $25,000 for important house repairs, which will improve the city’s dedication to preserving current building stock. These funds seek to improve living conditions in about 50 houses spread over the approved districts.
A big part of the Recovery Plan also includes new home building. While County Corp and contractor G.F. Bailey are installing seven new single-family homes over the Wolf Creek and Old North Dayton regions, Habitat for Humanity of Greater Dayton is building three new homes in Edgemont. Dayton Children’s also plans to create 26 Kinship Housing units, thereby boosting the number of options for housing for underprivileged families.
The Dayton Recovery Plan covers far more than just building and renovating houses. It also features a down payment aid program run under a $500,000 arrangement with County Corp’s Home Ownership Center. With potential to help up to 40 homebuyers, this program provides up to 10% (maximum, $10,000) in aid on eligible house purchases.
Eliminating abandoned structures is another equally crucial component of the housing plan. Under the Recovery Plan, about 660 nuisance buildings are scheduled for demolition, therefore supporting the city’s larger aim to eliminate almost 1,100 units by 2026.
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Residents looking for more information on the Dayton Recovery Plan and its impact on local housing can visit this link. This website offers extensive details on how the $138 million acquired under the American Rescue Plan Act will be used to significantly influence the communities’ COVID-19 pandemic recovery.
