Dayton Reporter

The City of Dayton has announced the newest investment of Dayton Recovery Plan (DRP) funds, following approval of contracts by the City Commission on Aug. 9.

An investment of $2,400,000 was awarded to the Montgomery County Land Reutilization Corporation (MCLRC) to provide services transforming vacant structures into safe, updated housing in neighborhoods most impacted by COVID-19.

Rehabilitation work will occur primarily in the focus neighborhoods of Wolf Creek, Carillon, Edgemont, Miami Chapel, Five Oaks, and Old North Dayton. Once rehabbed, the houses will be available for purchase as owner-occupied homes.

The number of homes to be rehabilitated will depend on the condition of the properties chosen for the program. The homes will be chosen cooperatively by City of Dayton and MCLRC staff.

The program will also divert structures from a nuisance abatement path, thereby retaining housing inventory and allowing abatement funds to be used elsewhere.

The Dayton Recovery Plan is a $138 million framework for community COVID relief and investment for the future, made possible by the federal American Rescue Plan Act. The home rehab program is part of the DRP's $55 million Improving Our Neighborhoods

component.

As a land bank and public authority, MCLRC is uniquely qualified to administer the vacant home rehab program, which eliminates blight and provides new housing opportunities.

MCLRC will coordinate and undertake all rehabilitation work. Funding through the agreement will fill the gap between expected rehab costs and sales prices, making the conversion of vacant and blighted houses into habitable units a reality. Eligible contractual expenses include construction costs, design and sales services, and the procurement of materials.

“We always look first for ways to save a structure or property because it helps preserve Dayton’s unique architecture, averts demolition and revitalizes neighborhoods,” said

Steve Gondol, Deputy Director of the City of Dayton Department of Planning, Neighborhoods, & Development. “As a result of the Dayton Recovery Plan funding, we can create and sell the new housing to qualified buyers which stabilizes property values and should positively impact neighborhood housing markets.”

For more information on the Dayton Recovery Plan, go to daytonohio.gov/drp.

Original source can be found here.