Yearly Archives: 2009

Millions in federal stimulus funding benefit Ohioans through affordable housing development

COLUMBUS, OH - December 1, 2009 - (RealEstateRama) -- More than $13 million made possible through the American Recovery and Reinvestment Act will support the creation of over 400 units of affordable housing in seven Ohio communities.

State Announces More Than $17 Million In Homeless Assistance Grant Awards

Columbus, OH - November 30, 2009 - (RealEstateRama) -- Lisa Patt-McDaniel, Director of the Ohio Department of Development, today announced that 82 agencies were awarded more than $17 million in homeless assistance and prevention grants from the Homeless Assistance Grant Program, administered by the Ohio Department of Development’s Community Development Division.

Housing Crisis Deepens: Legislative Action Needed Immediately

COLUMBUS, OH - November 19, 2009 - (RealEstateRama) -- Record breaking foreclosure filings and delinquency rates in Ohio were reported today by the Mortgage Bankers Association, confirming assertions by foreclosure reform advocates that the housing crisis is deepening, and prompting calls for the Ohio Senate to begin hearings on reform legislation.

Cleveland Area Board of Realtors (CABOR) Speakers Bureau Addresses ‘The Real State of Real...

Cleveland, OH - November 19, 2009 - (RealEstateRama) -- The Cleveland Area Board of Realtors (CABOR) has launched a speakers bureau to talk about the shape of local real estate with Northeast Ohio community and business groups. According to CABOR Speakers Bureau Chair and 2010 CABOR Affiliate Council chair, Dave Iammarino, CABOR is currently seeking presentation engagements for its six speakers with chambers of commerce, and public organizations including Kiwanis Clubs, Rotary Clubs, parent-teacher groups and other organizations

OHFA Board approves funding; bolsters affordable housing development

COLUMBUS, OH - November 18, 2009 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved the issuance of up to $28 million in Multifamily Mortgage Revenue Bonds.

Affordable housing takes center stage during the 2009 Ohio Housing Conference

COLUMBUS, OH - November 17, 2009 - (RealEstateRama) -- Hundreds of developers, real estate agents, lenders, property managers and other affordable housing stakeholders are meeting in Columbus this week to discuss issues impacting the housing industry both locally and nationally.

Sen. Brown, Columbus Housing Partnership Cite First-Time Homebuyers Tax Credit Extension As Key To...

COLUMBUS, OH - November 16, 2009 - (RealEstateRama) -- At the soon-to-be new home of Mike Decker and Katie Arends, who used the first-time homebuyer federal tax credit to build their first house, U.S. Sen. Sherrod Brown (D-OH) today discussed how the newly extended federal tax credit can help other Columbus community members purchase new homes.

Representative Fudge To Host Foreclosure Prevention Clinic

CLEVELAND, OH - November 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) will host a free foreclosure prevention clinic at the Cleveland Heights Community Center on November 17th. The clinic is the second in a series and will connect residents with housing counselors to discuss ways to prevent mortgage delinquency.

Three Men Allegedly Obtained More Than $4.5 Million in Fraudulent Mortgage Loans

DAYTON, OH - November 3, 2009 - (RealEstateRama) -- A federal grand jury here has indicted James L. Mack, 64, a former loan officer at the Centerville branch of Republic Bank, Walter A. Millat, 70, and his son William E. Millat, 49, all of Dayton, charging the three men with operating a scheme to fraudulently obtain more than $4.5 million in mortgage loans by fraudulently orchestrating the purchase and sale of more than 100 properties in the Dayton area between 2001 and 2006.

Federal stimulus funding breathes new life into statewide affordable housing initiatives

COLUMBUS, OH - November 6, 2009 - (RealEstateRama) -- Funding made possible through the American Recovery and Reinvestment Act (ARRA) will support the creation of over 750 units of new affordable housing in 17 Ohio communities.

Boccieri Says Tax Credit for Homebuyers Will Continue

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Upon passage today of legislation to extend the first-time homebuyers tax credit, and expand the hombuyers tax credit to all homeowners buying new primary residences, U.S. Congressman John Boccieri (D-Alliance) today issued the following statement:

Brown Announces Support for Bill to Extend Unemployment Benefits and Expand Homebuyer Tax Credit

WASHINGTON, D.C. - November 2, 2009 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) announced his support for a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit.

Boccieri Announces More Than $33,000 For Stark Metropolitan Housing Authority

WASHINGTON, DC - October 26, 2009 - (RealEstateRama) -- U.S. Representative John Boccieri (D-Alliance) today announced the U.S. Department of Housing & Urban Development (HUD) awarded more than $33,000 to the Stark Metropolitan Housing Authority (SMHA).

Cleveland Area Board of Realtors (CABOR) Recognized by Ohio Association of Realtors for RPAC...

Cleveland, OH - October 23, 2009 - (RealEstateRama) -- The Cleveland Area Board of Realtors (CABOR) was presented with the RPAC Award by the Ohio Association of Realtors (OAR) on September 23, 2009 for meeting and exceeding their 2009 goal. The Cleveland area was among the top Ohio contributors to the RPAC, generating $37,958 between January 1, 2009 and August 17, 2009 in voluntary member funds.

The Ohio Housing Finance Agency releases 2010 housing tax credit application guidelines

COLUMBUS, OH - October 21, 2009 - (RealEstateRama) -- Today, the Ohio Housing Finance Agency (OHFA) released the 2010 Qualified Allocation Plan (QAP) that guides the development of affordable housing throughout the state.

Graduates can now obtain funding to buy homes through new assistance program

COLUMBUS, OH - October 19, 2009 - (RealEstateRama) -- Ohio's residents who have earned a college degree now have a new option for getting the financial assistance they need to purchase a home.

First-Time Homebuyer Tax Credit For Military Members Serving Overseas Could Have Significant Impact On...

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.

Rep. Sutton Announces a $40,976 Housing Counseling Award to Fair Housing Contact Service in...

Washington, DC - October 14, 2009 - (RealEstateRama) -- Today, Rep. Betty Sutton (D-OH) announced that the Fair Housing Contact Service in Akron will receive a $40,976 Housing Counseling Award from the U.S. Department of Housing and Urban Development.

Kilroy Supports Measure to Extend Tax Credit for Military Homebuyers

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- U.S. Rep. Mary Jo Kilroy voted to amend the home-buying provisions in the American Recovery and Reinvestment Act to benefit active-duty service members and other federal employees.

Brown Announces Support For New Bill Extending Tax Credit For First-Time Homebuyers

WASHINGTON, D.C. - October 14, 2009 - (RealEstateRama) -- A tax credit that has helped more than 48,000 Ohio families purchase their first homes will expire on Dec. 1 unless Congress passes an extension.


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.