Today, we used an annual allocation of federal dollars to prioritize a package of investments and programs that will help provide a boost to the local economy.
As part of our 2009 Community Development Grant allocation, we:
1. Committed $100,000 to continue providing counseling to prevent foreclosures within the County—which over the last two years has prevented more than 800 foreclosures.
2. Committed $192,000 to spend on economic development and site redevelopment.
3. Committed more than $1,800,000 to infrastructure, residential, and commercial improvement projects in 21 communities, including:
- Street rehabilitation and improvements: $800,000 (Addyston, Blue Ash, Cheviot, Crosby Township, Delhi, Harrison, Lincoln Heights, Lockland, Norwood)
- Housing investments/upgrades: $320,000 (Cleves, Colerain Township, Golf Manor, Sharonville, Springdale, Wyoming)
- Business district/commercial development and improvement: $260,000 (Loveland, Mt. Healthy, North College Hill)
With these investments, we have prioritized near-term relief from the ongoing housing crisis, as well as infrastructure and economic investments that will both improve our communities and create jobs.
