OH HB499

Creates Ohio housing fund to provide grants to townships and municipalities that adopt at least three pro-housing policies, with approximately 75% of funds distributed based on population and 25% available for jurisdictions adopting six or more policies.

Establishes grant program for housing developments located within 20 miles of a megaproject, with agency to adopt rules on application process, permissible uses, and eligibility requirements.

Identifies 12 qualifying pro-housing policies including expedited permit reviews, preapproval processes, parking requirement reductions, accessory dwelling units, quadplex housing allowances, and incentives for workforce and modular housing.

Modifies section 319.302 to reduce nonbusiness property tax credit from 10% to an amount determined by difference between prior and current law, with funds transferred annually to Ohio housing fund.

Amends community reinvestment area law to allow extended tax exemptions up to 30 years for dwellings within 20 miles of megaprojects with school board approval, and for certain megaproject-related commercial and industrial structures.