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Regional Bank Makes $5 Million Available For Tornado Affected Families

Congressman Mike Turner (R-10) joins the Federal Home Loan Bank of Cincinnati and its local partners to announce $5 million in grant funding for tornado affected families.
Jerry Kenney
/
WYSO
Congressman Mike Turner (R-10) joins the Federal Home Loan Bank of Cincinnati and its local partners to announce $5 million in grant funding for tornado affected families.

A regional bank headquartered in Cincinnati announced Wednesday they are making up to $5 million dollars available to help residents affected by the Memorial Day Tornado outbreak. The Federal Home Loan Bank of Cincinnati made the public announcement in Harrison Twp., which sustained heavy damage from the storms.

The federally chartered, regional bank announced the formation of the $5 million dollar Disaster Reconstruction Program in a parking lot off N. Main Street in Harrison Twp. From there, you can see homes and buildings that received heavy damage from the Memorial Day tornados.

It’s those primary residences and others like them in Miami, Montgomery, and Greene counties that will be eligible for grants of up to $20,000 for repair and reconstruction. Renters in those counties could be eligible for up to $5000 for the purchase of a home through the program as well. 

The FHLB grant announcement was made on N. Main St. in Harrison Twp. where severe damage from the Memorial Day tornados remain visible.
Credit Jerry Kenney
The FHLB grant announcement was made on N. Main St. in Harrison Twp. where severe damage from the Memorial Day tornados remain visible.

President and CEO of the Federal Home Loan Bank of Cincinnati, Andy Howell, said they are partnering with multiple Dayton area non-profits and lending institutions to oversee the program.

“We're grateful to be in this position to partner with all our member institutions to assist in this recovery process look forward to rebuilding and coming back to seeing a new vibrancy to the area,” he said.

The partner institutions include several local banks, along with CareSource, County Corp, Rebuilding Together Dayton, Habitat for Humanity of Greater Dayton and the Miami Valley Community Action Partnership.

Cherish Cronmiller with the Partnership says residents could still be eligible for the program even if they received insurance payments or FEMA funding for damage to their homes.

“Perhaps they had to use that for other types of items, and we want to ensure that our homeowners are living safely and securely in their residences here in Montgomery County and the other counties that we're going to be serving, and we're here to make sure that those repairs happen.”

The Federal Home Loan Bank of Cincinnati is a federal wholesale bank, chartered by congress in the 1930’s. They serve Ohio, Kentucky and Tennessee.

You can get eligibility information on the Disaster Reconstruction Program by calling 937-250-7911.

Copyright 2021 WYSO. To see more, visit WYSO.

Jerry Kenney was introduced to WYSO by a friend and within a year of first tuning in became an avid listener and supporter. He began volunteering at the station in 1991 and began hosting Alpha Rhythms in February of 1992. Jerry joined the WYSO staff in 2007 as a host of All Things Considered and soon transitioned into hosting Morning Edition. In addition to now hosting All Things Considered, Jerry is the host and producer of WYSO Weekend, WYSO's weekly news and arts magazine. He has also produced several radio dramas for WYSO in collaboration with local theater companies. Jerry has won several Ohio AP awards as well as an award from PRINDI for his work with the WYSO news department. Jerry says that the best part of his job is being able to talk to people in the community and share their experiences with WYSO listeners.