Ohio State Government and Public Real Estate News

Permanent Minimum Credit Rate Would Increase Access to Resources for Project Development

WASHINGTON, D.C. – February 27, 2015 – (RealEstateRama) — U.S. Congressman Pat Tiberi (R-OH) and U.S. Congressman Richard Neal (D-MA) announced they will introduce a bill to remove uncertainty in the tax code and boost affordable housing availability by making a permanent floor for the Low Income Housing Tax Credit. more »

COLUMBUS – February 23, 2015 – (RealEstateRama) – The Ohio Housing Finance Agency (OHFA) Board approved more than $40 million for affordable housing initiatives across the state of Ohio, including: more »

COLUMBUS, OH – February 20, 2015 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved more than $40 million for affordable housing initiatives across the state of Ohio, including: more »

Department of Housing and Urban Development Awards Nearly $73 Million Statewide

WASHINGTON, D.C. – February 16, 2015 – (RealEstateRama) — U.S. Senator Sherrod Brown (D-OH) – ranking member of the of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – today announced that the U.S. Department of Housing and Urban Development’s (HUD) Capital Fund Program has awarded $39,446,320 to improve public housing infrastructure in east and northeast Ohio. This funding allows authorities to make critical improvements to their housing units, including roof replacements and plumbing and electrical system upgrades, along with asbestos and lead paint removal. According to HUD, the U.S. loses nearly 10,000 public housing units each year due to disrepair, making these investments in critical repairs all the more important. more »

WASHINGTON, D.C. – November 3, 2014 – (RealEstateRama) — The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) is pleased to announce that the Ohio Division of Financial Institutions (the Division) has received a certificate of accreditation for mortgage supervision. This accreditation certifies that the Division maintains the highest standards and practices in mortgage supervision set by the AARMR/CSBS Mortgage Accreditation Program. more »

WASHINGTON, D.C. – August 26, 2014 – (RealEstateRama) — The Justice Department announced today that Massillon, Ohio landlords John and Mary Ruth have agreed to pay $850,000 to settle lawsuits filed by the Justice Department and other parties alleging that the Ruths discriminated on the basis of race and familial status at properties they formerly owned in Massillon. The settlement must still be approved by United States District Judge John R. Adams in the Northern District of Ohio. more »

COLUMBUS www.ohiohome.org In recognition of National Homeownership Month, the Ohio Housing Finance Agency (OHFA) Board presented the Youngstown Neighborhood Development Corporation with the 2014 Spirit of Homeownership Excellence Award (SHEA) yesterday. Additionally, the Board received a proclamation from Governor John Kasich in honor of the celebratory month. more »

Permanent Minimum Credit Rate Would Remove Uncertainty

WASHINGTON, D.C. – May 23, 2014 – (RealEstateRama) — U.S. Congressman Pat Tiberi (R-OH) and U.S. Congressman Richard Neal (D-MA), Chairman and Ranking Member of the Ways and Means Subcommittee on Select Revenue Measures, announced they will introduce a bill to remove uncertainty in the tax code and boost affordable housing availability by making a permanent floor for the Low Income Housing Tax Credit. more »

WASHINGTON, D.C. – May 22, 2014 – (RealEstateRama) — Ohio EPA will hold a public information session and hearing at 6:30 p.m. on Wednesday, June 4, 2014, to accept comments on a water quality certification for the Ohio Department of Transportation’s project on Interstate 70 in Butler Township. The meeting will take place at the Englewood Government Center, 333 W. National Road, Englewood. more »

COLUMBUS – May 22, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved $3 million yesterday through the Recycled Tax Credit Assistance Program (R-TCAP). Funding for R-TCAP is derived from repaid funds through the Tax Credit Assistance Program (TCAP), allocated to OHFA through the American Recovery and Reinvestment Act of 2009. OHFA expects to recycle more than $70 million in loan repayments during the next four years. The goal of the program is to stabilize and ensure the long-term affordability of OHFA properties. more »

Program to provide 2,918 rental housing units in 31 Ohio counties

COLUMBUS – May 20, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) today announced the recipients of the 2014 Housing Tax Credit (HTC) program to fund the construction, acquisition and rehabilitation of affordable housing units in Ohio. More than $27 million in federal housing tax credits were awarded to 46 developments serving families, seniors and individuals with disabilities in 31 counties. more »

COLUMBUS, Ohio – May 12, 2014 – (RealEstateRama) — Ohio Attorney General Mike DeWine today warned consumers about spring home improvement scams, while stressing the importance of researching contractors to help ensure their reliability.

“Warmer weather brings more door-to-door home improvement sales, and consumers should remain cautious,” Attorney General DeWine said. “Don’t be pressured into a decision on the spot. It’s best for you to research both the reputation of the business and the individual contractor first. Too often we see an individual contractor who is operating under different company names.” more »

WASHINGTON, D.C. – April 23, 2014 – (RealEstateRama) — U.S. Sens. Sherrod Brown (D-OH) and Rob Portman (R-OH), and Rep. Marcia Fudge (OH-11) wrote to the U.S. Department of Housing and Urban Development (HUD) to express their concern that misinterpretation of an interim rule could keep struggling families from receiving vital housing assistance. In order to ensure Northeast Ohio homeless persons remain eligible for programs that could help get them back on their feet, Brown, Portman, and Fudge urged HUD to clarify its intentions. more »

TOLEDO – April 18, 2014 – (RealEstateRama) — Congresswoman Kaptur (OH-9) and Toledo Mayor D. Michael Collins announced a federal award for environmental infrastructure improvements in the Cullen Park area of the Point Place neighborhood.

The $500,000 award from the Great Lakes Restoration Initiative (GLRI) will be used on various “green” initiatives such as rain gardens, wetlands and bioswales to mitigate the negative impact on water quality from urban runoff. more »

COLUMBUS – April 18, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved more than $1.4 million through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments across the state. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF). more »

Congressman Tim Ryan Announces Nearly $650,000 in NeighborhoodWorks Grants to Improve Housing Opportunities

Washington, D.C. – March 3, 2014 – (RealEstateRama) — Congressman Tim Ryan announced nearly $650,000 in successful grant approvals today awarded for both Neighborhood Development Services in Ravenna and the East Akron Neighborhood Development Corporation Inc. Neighborhood Development Services was awarded $572,500 in grant funds, and East Akron Neighborhood Development Corporation Inc. was awarded $176,000 in grant funds. NeighborhoodWorks America has awarded these grants in order to create opportunities for people to obtain affordable housing, improving their lives and strengthening the communities in which they reside. more »

 
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