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OH HR107
Resolution
Status
10/7/2015
Primary Sponsor
Christie Bryant Kuhns
Click for details
AI Summary
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Ohio House of Representatives requests Congress renew federal funding for Save the Dream Ohio, a foreclosure prevention program administered by the Ohio Housing Finance Agency
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Save the Dream Ohio received $570.4 million from the U.S. Department of the Treasury's Hardest Hit Fund in 2010 and has assisted over 24,000 homeowners at risk of foreclosure through 32 HUD-approved nonprofit counseling agencies and 350 mortgage servicers nationwide
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Program stopped accepting applications in August 2014, with payments to homeowners expected to end in late 2016 and all funds required to be dispersed by December 31, 2017 under Treasury guidelines
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Additional $60 million was designated for the Neighborhood Initiative Program to stabilize property values by removing and greening vacant and blighted properties
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Ohio Housing Finance Agency continues administering a hotline to connect homeowners with HUD-approved housing counseling agencies and other resources
Legislative Description
To request the Congress of the United States renew funding for Save the Dream Ohio to help homeowners in the state of Ohio avoid foreclosure.
Last Action
Adopted
10/7/2015