Neighborhoods

The Mahoning Valley Historical Society honored local business owners and entrepreneurs for their efforts in rebuilding and revitalizing the Valley. Penguin City Brewing Company won the 2023 Commercial Revitalization Award. Owners revamped an out-of-works Youngstown warehouse into a bustling brewery, now a central location for community and city events such as LGBTQ+ pride and Federal Frenzy. Businesses like DOPE Cider House and Winery and Papa Gelateria have opened shops inside the Penguin City warehouse, expanding the business further. Four local groups won another award for revitalization in the community.

2023 COMMUNITY REVITALIZATION AWARDS 

Youngstown Neighborhood Development Corporation: Renovated apartment building at 3711 Glenwood Avenue

To read the full story from Mahoning Matters, click here. 

Wednesday June 28, 2023. 

On Tuesday, June 27, YNDC was awarded a Community Revitalization Award from the Mahoning Valley Historical Society as part of their annual Historic Preservation Awards. The award was presented to YNDC for the renovation of 3711 Glenwood Avenue, a historic four unit apartment building constructed in 1926. Many thanks to the Historical Society for the recognition. REVITALIZE. 

Are you looking for a job in Youngstown? The Youngstown Neighborhood Development Corporation has a few open jobs, and they’re looking for applicants interested in transforming and revitalizing local neighborhoods.

To read the full story from Mahoning Matters, click here. 

Thursday, June 29, 2023. 

On May 5, 2023, the Finance Fund awarded a $75,000 grant to assist with the renovation of the Foster Theater. YNDC is finalizing plans to renovate the building as housing and commercial space. Many thanks to the Finance Fund for their support! 

Thursday, June 29, 2023. On June 26, Project MKC donated $5,000 to the Glenwood Fresh Market. The support will be used to provide additional fresh fruits and vegetables to families with children who are members of the market. Big thanks to Project MKC!

Thursday, June 29, 2023. 

YNDC has acquired a 2023 Ford F550 dump truck. The vehicle will support our neighborhood clean up and stabilization efforts. The purchase of the truck was made possible through the generous support of Ruth Beecher Charitable Trust, Senator Maurice and Florence Lipscher Charitable Trust, J Ford Crandall Memorial Foundation, Walter and Caroline Watson Foundation, Thomases Family Endowment, Community Foundation of the Mahoning Valley and the Aimee and Lulu Seidel Foundation.

Monday, July 3, 2023. 

On Thursday, June 29, the City of Youngstown approved $1.5 million in American Rescue Plan funds for YNDC to complete a citywide roof replacement project. This work is part of a collaborative citywide roof replacement project funded by the City of Youngstown with partnerships including Direction Home of Eastern Ohio, Mahoning Youngstown Community Action Partnership, Building Neighborhoods of Youngstown, City of Youngstown, and YNDC. Huge thanks to the City of Youngstown for funding and leading this effort!
 

Monday, July 3, 2023.

YNDC is proud to announce the publishing of its performance report from the 2nd Quarter of 2023! The performance report highlights the work of YNDC from April to June 2023.

An electronic copy can be downloaded below.
 

Despite a surge in new home construction, the US housing shortage rages on and it's hitting middle-income Americans the hardest. Indeed, the real estate market is short of more than 300,000 home listings valued up to $256,000, the affordable price range for households earning a maximum of $75,000, according to an analysis from the National Association of Realtors and Realtor.com. But there's some good news, at least in the data: There are still a few US metros where affordable homes remain available to middle-income buyers.

According to the NAR and Realtor.com analysis, among the 100 largest US metros, three areas from Ohio: Youngstown, Akron, and Toledo have the most affordable homes available for middle-income buyers. In Youngstown, buyers earning at least $75,000 can afford to purchase 72% of listings, while those in Akron and Toledo can afford to buy 61%, the data show. In El Paso, Texas; Boise, Idaho; and Spokane, Washington —  the areas with the fewest homes priced up to $256,000  — middle income buyers can afford less than 20% of listings. Nationwide, the percentage isn't much better.

The crux of the issue is that the real estate market is still suffering an extreme lack of available inventory after the homebuying bonanza of 2020 and 2021, and now also because homeowners don't want to sell and give up ultra low mortgage payments. hile the NAR and Realtor.com found pockets that offer more for homebuyers, those Ohio designations are coming at a surprise to local housing experts.

Ian Beniston, who has been the executive director of the Youngstown Neighborhood Development Corporation for 14-years, said while there may be more affordable homes in the Youngstown area, it certainly does not feel that way. 

To read the full story from Business Insider, click here. 

James has lived in his home for eight years. His roof was full of holes and the leaks were causing numerous issues throughout the home, including a bathroom full of pigeons. James is one of many people who received assistance from the Youngstown Neighborhood Development Corp. during the second quarter of 2023. YNDC replaced his roof and installed a furnace and a hot water tank, improving his quality of life and making it possible for his family to stay in their home.

YNDC recently released its second quarter performance report, highlighting the work the organization has done in the area between April and June. 

To read the full story from The Business Journal, click here.