Banks, YWCA Dayton celebrate $1M funding for housing renovation

YWCA Dayton has landed more funding for its renovation project.

The nonprofit celebrated on Monday its Federal Home Loan Bank of Cincinnati Affordable Program award of $1 million. The funding was received through the Cincinnati Development Fund and KeyBank, and it will help renovate 65 units of permanent supportive housing at the YWCA Dayton.

The funding of $1 milliom, plus a $250,000 KeyBank grant, are included in the $15 million raised for the YWCA renovation campaign. The renovation is expected to cost $17 million. KeyBank Dayton Market and the KeyBank Foundation announced last week it will give the YWCA Dayton a $250,000 grant for its housing renovation.

The first floor of the YWCA Dayton will be transformed into the KeyBank Economic Empowerment Center to provide services that help women and families at the YWCA. The services include job readiness training, financial literacy classes and educational courses.

“Helping our communities thrive is critical work to KeyBank and I can think of no greater urgency than protecting the women and children who come to YWCA Dayton for support,” said Pat McDonald, KeyBank Dayton market president and a 2007 YWCA Dayton Women of Influence Honoree. “Through years of working together, I know what kind of a difference YWCA makes for the Dayton community.”

YWCA Dsayton was founded in 1870, and is the oldest organization serving women and children in Montgomery County. Its flagship building in downtown Dayton was last fully renovated in 1961.

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