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 »
Ohio State Government and Public Real Estate News
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 »
WASHINGTON, D.C. – April 17, 2014 – (RealEstateRama) — Forest City Land Development and Collinwood BioEnergy have received a covenant not to sue under Ohio EPA’s Voluntary Action Program (VAP), after investigating the Water Tower Park property, 948 East 140th Street, Cleveland.
The 24.61-acre property previously was used by General Motors Corporation for the Fisher body Plant beginning in 1921. In World War II, the plant produced aircraft gun, fuselage and tank parts for B-29 aircraft. After the war, the plant was used to produce large stamping dies, inside door panels, seats and cloth and vinyl interiors for automobiles with production ending in 1983. more »
WASHINGTON, D.C. – April 7, 2014 – (RealEstateRama) — Today, U.S. Sen. Sherrod Brown (D-OH) a senior member of the Senate Agriculture Committee, announced new federal housing resources available to residents in Ashtabula County as part of the 2014 Farm Bill implementation. Changes to the “rural area definition” used by the United States Department of Agriculture (USDA) will expand eligibility for rural housing programs for residents in northeast Ohio. more »
Brown Worked with Ohio Realtors and Held Events in Cleveland, Toledo, and Youngstown to Urge Extension of Mortgage Forgiveness Debt Relief Act, Which Would Prevent a Mortgage Modification or Short Sale as Being Treated as Taxable Income
WASHINGTON, D.C. – April 7, 2014 – (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH) today helped pass provisions of the Mortgage Forgiveness Tax Relief Act, legislation aimed at relieving homeowners of the requirement to pay taxes on mortgage debt forgiveness resulting from mortgage modifications, or short sales. The provision was included in the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, which passed the Senate Finance Committee today. Brown worked with Ohio realtors and held events in Cleveland, Toledo, and Youngstown to urge extension of the vital tax credit, which expired on December 31. more »
COLUMBUS – April 2, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) proudly joins the nation in observing April as Fair Housing Month. OHFA’s celebration, “Justice for All,” marks the 46th anniversary of the act, which provides equal access to affordable housing for all regardless of race, color, nationality, familial and military status, disability or ancestry. more »
COLUMBUS – March 24, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) has been awarded $560,451 through the National Foreclosure Mitigation Counseling (NFMC) program to continue the availability of foreclosure counseling and prevention services. more »
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 »