Saturday, April 26, 2014

Update on Ohio Housing Trust Fund

The Coalition on Homelessness and Housing in Ohio has been leading the charge to lift the cap on the Ohio Housing Trust Fund.  At the March COHHIO conference, Bill Faith announced that they had made progress with an amendment to lift the cap on the Ohio Housing Trust Fund. The amendment had been included by Rep. Ryan Smith (R-Bidwell) in a piece of legislation known as the Mid-Biennium Review, HB 483. Previously, the money raised from the local Recorders fee when property transfers goes into the Ohio Housing Trust Fund to build and preserve affordable housing.   For years, Ohio has capped the revenue at $50 million with the rest going to the State's General Revenue account. 

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