$5M in disaster grants lift tornado recovery efforts
Area financial institutions and non-profit organizations secured the funding, which homeowners won't have to repay, through the
"It's a great start," said
The fund provides qualified homeowners in
"In many cases, we see when this happens that communities might fall apart, residents leave, they don't rebuild, they don't come back," he said. "And we want to help maintain the integrity of the community and help it thrive and survive moving forward."
"I have a little boy. I'm a single mom," said Brady, 39. "That was one of the things I let go."
Brady received
"The roof and wall ate up more than that," she said.
A team including those from Rebuilding Together Dayton and nearby
"I was in tears, happy tears," Brady said Wednesday.
A record-breaking 21 tornadoes struck
The grants do have certain income eligibility requirements, but those should not prevent
Household income must be less than or equal to 100 percent of the applicable Mortgage Revenue Bond income limits. In
Cronmiller said the
"We're going to have to cobble all these types of things together," Cronmiller said.
Up to 1,100 households were displaced by
As of Wednesday morning, 4,286 individuals or households in
"Once we have access to the
Other housing nonprofits in the coalition include
Homeowners in
Allowable expenses for the program include construction, acquisition, or repair of a primary residence, which must be a single-family detached home or manufactured home permanently attached to a fixed foundation and taxed as real property where the applicant is the owner of record. FHLB funds can't be used for expenses covered by insurance or state or federal emergency management agencies.
"We are so thankful for this funding," she said. "This gives people in our community another avenue for much needed housing relief. This grant program is a welcome resource to those who lost their homes and their sense of stability and safety during the storm."
___
(c)2019 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by Tribune Content Agency, LLC.
The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in July
Ely man pleads guilty in crash that injured woman
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News