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Congresswoman Marcia L. Fudge Supports Plan To Transform Quicken Loans Arena

Congresswoman Marcia L. Fudge (OH-11) announced she supports the plan to transform Quicken Loans Arena. The building’s improvements – which feature increased public areas and address structural flaws and shortcomings in the building – would extend the life of the arena and the Cavaliers’ lease in Cleveland through 2034.

TAX EXEMPT VALUES OUTPACE TAXABLE PROPERTY

Hamilton County Auditor Dusty Rhodes reports the market value of tax exempt property values has grown at a much faster rate than the value of taxable property in the county over the last quarter-century.

Boehner on President Obama’s National Energy Tax

House Speaker John Boehner (R-OH) issued the following statement in response to final EPA rules that will impose a national energy tax on American families and job creators.

Congresswoman Marcia Fudge Announces $95 Million in Tax Credits Awarded to Northeast Ohio Community...

Congresswoman Marcia L. Fudge (OH-11) is pleased to announce the U.S. Department of the Treasury awarded $95 million in tax credits to two community development agencies in Ohio’s Eleventh Congressional District. The Cleveland New Markets Investment Fund, LLC received $50 million and the Development Fund of Western Reserve (of Akron) received $45 million.

CENTRAL OHIO ORGANIZATION TO RECEIVE NEW MARKETS TAX CREDIT ALLOCATIONS

U.S. Congressman Pat Tiberi (R-OH), a member of the Ways and Means Committee, today announced that a Central Ohio organization will receive New Markets Tax Credit allocations from the Department of the Treasury Community Development Financial Institutions Fund.

Beagle Announces Senate Budget, Lowering Tax Burden By $1.7 Billion For All Ohioans

State Senator Bill Beagle (R-Tipp City) announced the rollout of the Senate's version of the state’s two-year operating budget today, including substantial new funding for education and more than $1.7 billion in tax relief for hardworking Ohioans and small business owners.

Treasurer Josh Mandel Hosts CPIM Conference in Independence

CPIM provides local government investment officers with continuing education training as they work to safeguard taxpayer dollars. CPIM conferences cover a variety of topics and provide comprehensive financial training that benefits public funds managers at all levels of experience.

Portman’s Energy Efficiency Bill Signed Into Law

Today, U.S. Senator Rob Portman (R-Ohio) announced that President Barack Obama has signed his bipartisan legislation with U.S. Senator Jeanne Shaheen (D-N.H.), The Energy Efficiency Improvement Act of 2015. This is the first energy bill to be signed into law this Congress.

Latta Supports Commonsense Legislation To Permanently Repeal Estate Tax

This week, Congressman Bob Latta (R-OH) voted in favor of legislation designed to improve upon current tax policy and ensure taxpayers’ hard-earned money is being used responsibly. One piece of legislation in particular is H.R. 1105, the Death Tax Repeal Act of 2015, which was passed by the House of Representatives today and is similar to legislation Congressman Latta introduced earlier this year: H.R. 725, the Permanently Repeal the Estate Tax Act of 2015

TIBERI-NEAL BILL WOULD BOOST AVAILABILITY OF AFFORDABLE HOUSING AND PROMOTE JOB CREATION

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

Brown Helps Pass Provision That Will Prevent Struggling Homeowners Who Modified Mortgages Or Completed...

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.

Your Tax Dollars…Down the Drain: Taxpayers Spend Billions on Unused Federal Property

Washington, D.C. - March 3, 2014 - (RealEstateRama) -- U.S. Senator Rob Portman (R-Ohio) today released the following statement in a monthly series highlighting Washington’s wasteful spending during a time of record debt and deficits:

With Nearly A Quarter Of Mahoning Valley Mortgages Underwater, Brown Urges Reinstatement Of Provision...

YOUNGSTOWN, OH - January 27, 2014 - (RealEstateRama) -- Today, with nearly a quarter of Mahoning Valley mortgages underwater, U.S. Sen. Sherrod Brown (D-OH) called for immediate Congressional action to reverse a tax increase imposed on struggling homeowners that began January 1. Before the New Year, Senate Republicans refused to take up and pass legislation that would have relieved, for one year, the requirement for homeowners to pay taxes on mortgage debt forgiveness resulting from mortgage modifications, or short sales. Unless the plan Brown supports is passed, principal reductions that homeowners receive on their loans through mortgage modifications or short sales will be treated as income by the Internal Revenue Service (IRS)—sticking already struggling homeowners with tax bills that they may be unable to afford

With More Than 33 Percent Of Lucas County Mortgages Underwater, Brown Urges Reinstatement Of...

TOLEDO, OH - January 10, 2013 - (RealEstateRama) -- Today, with more than 33 percent of Lucas County mortgages underwater, U.S. Sen. Sherrod Brown (D-OH) called for immediate Congressional action to reverse a tax increase imposed on struggling homeowners that began January 1. Before the New Year, Senate Republicans refused to take up and pass legislation that would have relieved, for one year, the requirement for homeowners to pay taxes on mortgage debt forgiveness resulting from mortgage modifications, or short sales.

With More than One-Quarter of Cuyahoga County Mortgages Underwater, Brown Urges Reinstatement of Provision...

CLEVELAND, OH - January 7, 2013 - (RealEstateRama) -- Today, with more than one-quarter of Cuyahoga County mortgages underwater, U.S. Sen. Sherrod Brown (D-OH) called for immediate Congressional action to reverse a tax increase imposed on struggling homeowners that began January 1. Before the New Year, Senate Republicans refused to take up and pass legislation that would have relieved, for one year, the requirement for homeowners to pay taxes on mortgage debt forgiveness resulting from mortgage modifications, or short sales. Unless the plan Brown supports is passed, principal reductions that homeowners receive on their loans through mortgage modifications or short sales will be treated as income by the Internal Revenue Service (IRS)—sticking already struggling homeowners with tax bills that they may be unable to afford.

OHFA Announces Recipients of the 2013 Housing Tax Credit Program

COLUMBUS - June 13, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) announced the recipients of the 2013 Housing Tax Credit (HTC) program to fund the construction, acquisition and rehabilitation of affordable housing units in Ohio. A total of 34 developments in 18 counties were awarded a share of the more than $24.4 million in available federal housing tax credits.

Attorney General DeWine Seeks Restitution for Consumers Harmed by Toledo Loan Modification Business

TOLEDO, OH - May 7, 2013 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced a lawsuit against N.M.M.S.R. Incorporated, doing business as Making Home Affordable USA, and its owner Jason Keating of Maumee. The lawsuit charges Keating and his business with multiple violations of Ohio’s consumer laws.

Turner Reintroduces Tax Credit for Historic Preservation

Washington, DC - February 27, 2013 - (RealEstateRama) -- Congressman Mike Turner, Co-chairman of the Historic Preservation Caucus, reintroduced the Historic Homeownership Revitalization Act of 2013. Enactment of this legislation would create jobs in the hard hit housing and construction sectors by incentivizing the preservation of our nation’s historic homes and communities.

Man Pleads Guilty in Ohio Federal Court to Tax and Mortgage Fraud Conspiracies

WASHINGTON, D.C. - October 15, 2012 - (RealEstateRama) -- Steven R. Hinz pleaded guilty today to tax fraud and mortgage fraud charges in Cleveland federal court, the Justice Department and Internal Revenue Service (IRS) announced. Hinz’s guilty pleas followed recent guilty pleas of three other defendants – Heather L. English, Patricia A. Polk and William E. Phillips III – who were charged in indictment in December 2011 on a tax conspiracy and various false return charges. The case is assigned to U.S. District Judge Patricia A. Gaughan, who scheduled the sentencing for January 2013.

Brown Announces That Housing Advocate And Miami Valley Leader Was Named To Consumer Financial...

WASHINGTON, D.C. - September 13, 2012 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that a housing advocate and Miami Valley leader has been named to the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board. Brown urged the CFPB to select Jim McCarthy, president and CEO of the Miami Valley Fair Housing Center (MVFHC), to serve on the 25-person panel that will advise the CFPB on a broad range of consumer financial issues and emerging market trends.

Recent

Central Ohio Housing Report – December 2018

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.