YOUNGSTOWN, Ohio (WKBN) – Most people flip houses to make money. The Youngstown Neighborhood Development Corporation and the Mahoning County Land Bank are doing it to save a house from the wrecking ball.
The two agencies got together to fix up the above house on Neosho Road off Glenwood Avenue near Mill Creek Park. The “for sale” sign will be going up soon.
Here’s how it works: the Y.N.D.C. finds a vacant house that fits their program. Then the land bank clears up any possible foreclosures, liens or taxes.
“When we rehabilitate these homes we’re not using a government subsidy. So that makes the homes available to the wider market”, says Y.N.D.C. Housing Director Tiffany Sokol. “Any person that wants to buy it for owner occupancy can do so and they don’t have to be low income so it’s a great program for those folks as well.”
This is the second property renovated through the partnership with many more planned. Y.N.D.C. plans to rehab 20 to 25 vacant houses this year. About half of those will be acquired through the land bank.