OH SCR9

Concurrent resolution urging the State of Ohio to promote homeownership of homes under $75,000 to build stronger communities and generational wealth in historically underserved areas

Directs the Ohio Housing Finance Agency to create annual goals for increasing homeownership rates among low-income households and develop yearly strategic plans to market and promote homeownership

Urges the Ohio Housing Finance Agency to establish a directory of lenders that originate micro mortgages (mortgages under $75,000) to address the historical difficulty low-income families face in obtaining such loans

Cites national homeownership disparities: 74.5% for white families, 49.1% for Hispanic families, and 44.1% for Black families, with only 39% of low-income households owning homes

Notes that vacant lower-value homes disproportionately exist in affordable communities and face twice the crime rates, making homeownership conversion a community stabilization strategy