Project Impact

Units target first-time homebuyers earning 60 percent of the area median income. Youngstown CHOICE Homes V offers renters a lease-purchase opportunity at the end of the tax credit compliance period, and provide homeownership training to residents during the rental period.

In addition, the sponsor will offer these tenants credit counseling; personal finance training/planning; continuing education/job training; life skills training and healthcare education/community outreach. Owning a home is the primary means for low-income individuals.

This project helps them build long-term assets and increase overall net worth.

 

Partners of Choice Home

Sponsor

Community Housing Options Involving Cooperative Efforts (CHOICE), a nonprofit corporation, was created

as a neighborhood organization in 1988. Its mission is to provide decent, affordable housing and

to create and retain jobs by bringing investment into Youngstown. CHOICE has developed more than

150 units of housing on Youngstown’s south side.

YMHA - Youngstown Metropolitan Housing Authority

YMHA is a housing agency that provides affordable housing to residents throughout Mahoning County.

Established in the early 1930's by an Ohio statute, we were one of the first Housing Authorities in the United States.

Today, we manage over 1,500 apartments. We work with local public, private and non-profit agencies to provide support

services to all of our residents such as job training, economic development, computer training and many programs for
 
our youth and senior residents.

We are committed to providing more than just a place to live, but a place to call home.

Key Bank

Neighborhood

The South Youngstown Homes project is located a half-mile from Youngstown’s central business district.

Downtown Youngstown has been experiencing modest economic growth in recent years. The city

has been successful in attracting a variety of public and private sector employers to the downtown area,

and a new industrial redevelopment project provides professional, skilled, semi-skilled, and unskilled job

opportunities for south side residents. Good publictransportation connections offer project residents

easy access both to downtown Youngstown and to suburban retail districts. The neighborhood is home

to a number of churches, and is served by two elementary schools and a middle school.

 Chase Bank

Project Basics

The $3.6 million South Youngstown Homes development provides 40 single-family homes targeted to

very low-income households. All of the houses are located in a nine-block area of South Youngstown.

The project offers a mix of 35 three-bedroom units and five four-bedroom units. Thirty of the homes are

new and ten were substantially rehabilitated. Each of the new houses has a full basement, a front porch,

and a single-car garage.

At the end of the fifteen-year partnership period, the sponsor hopes to sell each house to its tenant at a

price based on the total remaining debt plus taxes. This arrangement creates a strong landlord-tenan

relationship and provides each low-income household with the opportunity to own a home.

 

 

 

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