Two historical preservation projects in the Mahoning Valley have received funding thanks to the Ohio Department of Development's Historic Preservation Tax Credit Program.

The Mahoning National Bank (MNB) has received $2 million for a $12,954,724 project to rehabilitate the 13-story building located on Market Street in downtown Youngstown.

The building in Youngstown will be managed by Live Youngstown, the management property that owns several downtown buildings including the Realty Tower, which is slated to be demolished. Despite that, they are looking to have commercial spaces and 71 apartment units completed by the end of 2025. A new Huntington Bank will occupy a portion of the building's commercial space. 

Historic wood paneling, decorative brass doors and Grecian-style marble will be preserved.

Meanwhile in Warren, the YMCA building was also awarded $2 million for an $18,799,572 project to rehabilitate the building located on High Street NW.

The plan is to convert the 75,000 square foot property into roughly 30 apartment units and six town houses by 2026. A conference room and a possible coffee shop will welcome tenants upon entering the building once the project is completed. Additionally, some of the former YMCA's historic athletic facilities such as the gym and basketball court will be restored for residents to use.

Other work to be done include masonry repair and weatherization.

This is part of $68 million in tax credits awarded to 12 communities to provide financial incentives for the private redevelopment of historic buildings that are either vacant or generate little economic activity.

The recipients of the tax credit for the MNB building are Israel Ostreicher from New York and Diana Wellman. The developer for the former YMCA building is Christopher Smythe from Cleveland.