$150M Available to Improve Access to Housing in Ohio
COLUMBUS, Ohio – The new Welcome Home Ohio program is investing $150 million to help improve access to housing across the state.
The program will provide $100 million in grants over the course of the biennium for land banks to purchase, rehabilitate or build qualifying residential properties for income-eligible Ohioans. Additionally, $50 million in nonrefundable tax credits will be made available to land banks and eligible developers over the biennium for qualifying property rehabilitation and new construction once a property is sold.
“Quality housing contributes significantly to quality of life and is the foundation of strong communities,” Gov. Mike DeWine said. “As our state continues to thrive, we expect that more people will stay in Ohio and move to Ohio, and the Welcome Home Ohio program will allow us to work proactively to ensure that there is enough housing to sustain this growth.”
The application period for the grants is open through 11:59 p.m. Feb. 9, with rolling applications accepted from Feb. 12 to May 31, as funds are available. Tax credit applications will be accepted on a rolling basis until funds are expended.
More information is available HERE.
Pictured at top: Construction workers build a new home. (AP Photo | David J. Phillip, File)
Published by The Business Journal, Youngstown, Ohio.