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Montgomery County Land Bank details Welcome Home Ohio results, procurement and financing challenges
Summary
A Montgomery County Land Bank representative described using approximately $6.96 million in Welcome Home Ohio funds to target 64 housing units (40 new construction), discussed procurement strategies, lender participation limits, neighborhood selection and timelines for first completions.
An unnamed senior advisor to the Montgomery County Land Bank told the Senate Committee on Housing that the land bank was the largest recipient of Welcome Home Ohio (WHO) funds in the program's first round and described how the agency used those funds to pursue neighborhood-scale housing redevelopment.
The speaker said Montgomery County received a total grant award of $6,960,000 (roughly $7 million) with a goal of creating 64 housing units, 40 of which are new construction. The land bank's approach prioritized neighborhood selection, resident…
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