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Down Payment Assistance administered by the Ohio Housing Finance Agency, which offers a loan that can be used as a down payment for either 2.5% or 5% of the purchase price, depending on buyers ...
To address this problem, Gov. Mike DeWine signed Ohio House Bill 33 on July 4, which created a new low-income housing tax credit program (the “Ohio Credit”). This program provides qualified ...
Last year’s state budget created Ohio’s housing tax credit program and the single-family housing tax credit program. ... and modifications to the Ohio Housing Finance Agency. ...
Homelessness in Ohio has been declining, as Ohio ranks as one of the U.S. states with lower rates of homelessness and has a strong support system in place for the homeless population. [1] Although unchanged in recent years, the 2022 homeless population in Ohio saw a 5.4% decrease from 2007. [ 1 ]
The means of funds distribution varies by state, and homeowners must contact their state housing finance agencies to apply for aid. [1] A total of $7.6 billion (~$10.4 billion in 2023) were allocated to the 18 states and the District of Columbia in 2010.
The federal government limits the amount of tax-exempt bonds a state can issue within a given year. Due to the 2007–2008 financial crisis, state housing finance agencies became "virtually frozen… out of the Housing Bond market", causing many agencies to either suspend or significantly decrease the amount of bonds issued. [7]
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