TCW Receives $100,000 Grant

Representatives from Troy Community Works! received news that they had been awarded a $100,000 Economic Development Grant from the Ohio Finance Fund yesterday.  The purpose of this grant is to go toward the continued rehabilitation of 221 E. Main Street.

 

Troy Community Works! purchased 221 E. Main Street in July 2010 with the purpose of rehabilitating the structure as the first development project for the organization.  In the two years since that purchase much behind the scenes work has been done such as complete environmental remediation, clean out of over 4 tons of debris, and removal of a dilapidated rear addition.  Many funders have supported this project including the Troy Foundation, the City of Troy, and the Oswald Family Foundation.  However, the grant from the Ohio Finance Fund is the largest grant TCW has received to date.

 

“We are pleased about this project and the grant from the Finance Fund,” said Don Willis, TCW Board President.  “Many partners have helped us get this far and it’s nice to be able to match their contributions with support from the state.”  Founding board member and architect, Mike Twiss agreed.  “When we started TCW part of the reasoning was to match untapped state funding sources with local projects.  This just solidifies that it is possible.”

 

The Ohio Finance Fund was founded in 1987 as a statewide, nonprofit intermediary between the state of Ohio and non-profit community development corporations. Celebrating its’ 25th anniversary as a partner in community empowerment in 2012, the Finance Fund and its affiliates have invested more than $195,000,000 in housing, economic development, and community facility projects leveraging over $1 billion throughout the state of Ohio. The Finance Fund is dedicated to creating possibility through its mission of building bridges between resources and low-income community to improve the quality of life for people.  The Economic Development Grant that TCW was awarded provides funding for neighborhood commercial improvement projects that create private sector jobs to strengthen the area’s economic base.  Jon Moorehead, finance officer for the Ohio Finance Fund, said “Our review committee was impressed with Troy Community Works! and we’re happy to have them as a new partner.”


Filed under: Uncategorized — Tags: , — mharris @ August 3, 2012 4:42 am

TCW Recieves Grant

TROY, OH (May 31, 2011) Troy Community Works! (TCW) is pleased to announce they have received a $20,000 grant from the Ohio Community Development Finance Fund to go towards the pre-development work of the 221 E. Main Street Building and welcome our summer intern Katie Dahlinghaus.  The Ohio Community Development Finance Fund was founded in 1987 as a financial intermediary dedicated to creating possibility and providing opportunity for a better quality of life.  The Finance Fund provides resources to support organizations like Troy Community Works! that assist low- and moderate-income families and communities.  The mission of the Finance Fund is to build bridges between resources and the low-income community to improve the quality of life for people.  The grant TCW received from the finance fund is specifically geared to assist organizations with their pre-development needs such as architectural drawings, permitting, and marketing the building.  Jon Moorehead, program officer for the Finance Fund is looking forward to this partnership with TCW. “As a financial intermediary in the community development arena, the Finance Fund’s resources are best placed in projects that enhance existing revitalization. The redevelopment of 221 East Main Street perfectly fits with our mission.”


Filed under: Projects,Uncategorized — Tags: , — mharris @ August 9, 2011 11:13 am