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Secretary Vilsack Highlights USDA Support for Homeownership During a Rural Housing Visit in Ohio

WASHINGTON COURT HOUSE, OH - July 2, 2012 - (RealEstateRama) -- Agriculture Secretary Tom Vilsack today toured a successful rural housing development in South Central Ohio and highlighted USDA's long-standing partnership with income-eligible rural residents who want to become homeowners.

Attorney General DeWine Reminds Local Communities of Demolition Grant Deadline

COLUMBUS, OH - June 26, 2012 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today reminded local communities to file grant applications with the Moving Ohio Forward Demolition Program by next week’s July 2 deadline. The Demolition Program helps stabilize and improve communities by removing blighted and abandoned homes with funds from the national mortgage settlement reached earlier this year

OHFA Board Recognizes an Outstanding Homeownership Program in Cincinnati, Approves More Than $17.9 Million...

COLUMBUS - June 25, 2012 - (RealEstateRama) -- In recognition of Homeownership Month, the Ohio Housing Finance Agency (OHFA) recognized Cincinnati-based Price Hill Will with the 2012 Spirit of Homeownership Excellence Awards (SHEA) during last week's Board meeting. The SHEA awards honor programs and initiatives across the affordable housing industry that demonstrate excellence and innovation. Winners are chosen on a number of factors including innovation, length of program, geographical reach, coordination with local, state and/or national partners and the ability to be replicated. The 2012 SHEA was presented to Ken Smith, Executive Director of Price Hill Will.

OHFA Recognizes National Homeownership Month, Examines Strategies to Improve Access to Affordable Housing in...

COLUMBUS, OH - June 5, 2012 - (RealEstateRama) -- June is nationally recognized as Homeownership Month –- a time to highlight the critical role of homeownership in improving lives, creating jobs and strengthening communities across the country. As the Ohio Housing Finance Agency (OHFA) joins the nation and Ohio Governor John Kasich in recognizing Homeownership Month, the Agency is working to raise awareness of its programs available to potential homebuyers and homeowners, particularly in the areas most impacted by the lack of affordable housing options

HUD AWARDS NEARLY $3.1 MILLION IN GRANTS TO COMBAT HOUSING DISCRIMINATION IN OHIO

CHICAGO, IL - May 28, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded nearly $3.1 million to12 fair housing organizations to assist people in Ohio who believe they have been victims of housing discrimination

OHFA Awards More Than $29 Million in Housing Tax Credits for Affordable Housing Communities...

COLUMBUS, OH - April 11, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced the recipients of the 2012 Housing Tax Credit (HTC) program, used to fund the construction, acquisition and rehabilitation of affordable housing communities across Ohio. More than $29 million in federal housing tax credits was awarded to 37 developments that will serve families, seniors and individuals with disabilities

OHFA Celebrates Equal Access to Housing During Fair Housing Month

COLUMBUS - April 4, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) joins Ohio Governor John Kasich and affordable housing leaders in observing April as Fair Housing Month. This year marks the 44th anniversary of the Fair Housing Act which provides housing opportunities for all regardless of race, color, nationality, familial and military status, disability or ancestry.

OHFA Announces Changes to the State’s Foreclosure Prevention Program

COLUMBUS, OH - January 24, 2012 - (RealEstateRama) -- In an effort to assist more Ohioans at risk of mortgage loan default or foreclosure, the Ohio Housing Finance Agency (OHFA) recently announced new changes to the state's foreclosure prevention program. Enhancements to Restoring Stability: A Save the Dream Ohio Initiative are designed to expand eligibility to reach more Ohio homeowners.

OHFA Board Approves More Than $3.5 Million for Affordable Housing Communities in Ohio

COLUMBUS, OH - January 24, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved funding for several initiatives yesterday. The Board approved $1.9 million through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF). HDAP awards include

Brown Announces that Ohio Will Receive More Than $165 Million in Home Heating Assistance...

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that Ohio is set to receive more than $165 million in home heating assistance funds during Fiscal Year 2012—more than $8 million more than it would have received under a House plan that made allocation changes that would have resulted in Ohio and other colder-weather states, like Michigan and Wisconsin, receiving a smaller fraction of the funds than they typically receive.

Turner Introduces Bill to Aid Housing Construction for Senior Veterans

WASHINGTON, DC - December 6, 2011 - (RealEstateRama) -- Congressman Mike Turner (OH-3) has introduced the Senior Veterans Housing Assistance Act of 2011 (H.R. 3546). The bill would make sure that government regulations do not pose an impediment to providing access to affordable housing for seniors who have served our nation. This issue came to light because of conflicting rules and regulations between the Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA) during the planned construction of housing at the Dayton VA Medical Center (VAMC).

HUD APPROVES $37.1 MILLION MORTGAGE TO RENOVATE AND EXPAND ACUTE CARE HOSPITAL IN MOUNT...

WASHINGTON, DC - November 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan for Knox Community Hospital in Mount Vernon, Ohio. The $37.1 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.

OHFA and OCCH to Co-Host the 13th Annual Ohio Housing Conference November 29 –...

COLUMBUS, OH - November 28, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) and Ohio Capital Corporation for Housing (OCCH) will host more than 1,400 affordable housing professionals at the 13th annual Ohio Housing Conference November 29 – December 1. The conference theme, "Strength in Numbers – More Jobs, More Growth, More Community Impact," will focus on the collaborative efforts of professionals in the affordable housing industry who make a positive impact on Ohio's residents, communities and economy.

Brown Announces Plans for More Than 600 New Veterans Housing Units in Dayton and...

WASHINGTON, D.C. - November 22, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown today announced that veterans in the Dayton and Chillicothe regions will have access to more than 600 new housing units. The units will be built on U.S. Department of Veterans Affairs (VA) land and provide housing for homeless Veterans, senior Veterans, disabled Veterans, and their families.

OHFA Board Approves $18.4 Million for Affordable Housing Communities Throughout Ohio

COLUMBUS, OH - November 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved more than $3 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments serving residents with low- to moderate-incomes throughout Ohio. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

Following Toledo Blade Report on City’s Abandoned Home Crisis, Brown Raises Concerns With Federal...

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Following a report in the Toledo Blade showing that the City of Toledo is on track to raze a record number of abandoned houses this year, U.S. Sen. Sherrod Brown (D-OH) renewed his call for Congress to pass Project Rebuild, a key component of the American Jobs Act that is aimed at revitalizing neighborhoods hit hard by the foreclosure crisis. Brown also raised the abandoned home crisis in a meeting today with Federal Housing Administration (FHA) commissioner nominee Carol Galante. Galante was nominated by President Obama to serve as FHA commissioner in October.

OHIO HOUSING FINANCE AGENCY JOINS FORCES WITH FEDERAL AGENCIES TO REDUCE REGULATORY BURDEN ON...

COLUMBUS, OH - November 14, 2011 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Midwest Regional Administrator Antonio R. Riley, United States Department of Rural Development State Director J. Anthony Logan, and Ohio Housing Finance Agency Executive Director Doug Garver announced an interagency agreement to reduce duplicate physical inspections of local subsidized affordable housing – allowing developers and owners to focus on delivering more housing and resources to those in need.

Red Mortgage Capital Completes Permanent Financing for Three Bridge-to-HUD Loans

COLUMBUS, OH - November 4, 2011 - (RealEstateRama) -- Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage Backed Securities (“GNMA MBS”). The FHA insured loans paid off interim financing that related entity Red Capital Partners, LLC had provided to facilitate acquisition of the properties by New York City-based Premier Senior Living, LLC (“Premier”), a privately-owned owner/operator of seniors housing.

13th Annual Ohio Housing Conference to Explore the Collaborative Impact of Affordable Housing in...

COLUMBUS, OH - November 3, 2011 - (RealEstateRama) -- More than 1,400 affordable housing professionals across Ohio and the nation are expected to gather at the Greater Columbus Convention Center November 29-December 1 for the 2011 Ohio Housing Conference, one of the largest statewide housing conferences in the country. The 13th annual conference will once again be hosted by the Ohio Housing Finance Agency (OHFA) and the Ohio Capital Corporation for Housing (OCCH).

Justice Department Files Lawsuit Alleging Racial and Familial Status Discrimination in Apartment Complexes in...

WASHINGTON, DC - November 2, 2011 - (RealEstateRama) -- The Justice Department has filed a lawsuit against the owners of Yorkshire Apartments, Thackeray Ledges and Wales Ridge Apartments in Massillon, Ohio, for discriminating on the basis of race and familial status when renting their apartments in violation of the Fair Housing Act.

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.