{"id":173598,"date":"2023-12-13T04:46:35","date_gmt":"2023-12-13T09:46:35","guid":{"rendered":"https:\/\/thevwindependent.com\/news\/?p=173598"},"modified":"2023-12-13T04:46:37","modified_gmt":"2023-12-13T09:46:37","slug":"welcome-home-ohio-details-announced","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2023\/12\/13\/welcome-home-ohio-details-announced\/","title":{"rendered":"Welcome Home Ohio details announced"},"content":{"rendered":"\n

Submitted information<\/em><\/p>\n\n\n\n

COLUMBUS — Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik released official program guidelines for the new $150 million Welcome Home Ohio program, which was developed to improve access to affordable housing across the state.<\/p>\n\n\n\n

\u201cHousing needs are present all across Ohio,\u201d said Governor DeWine. \u201cThrough this program, we have the opportunity to support new investments in housing construction that will help cultivate vibrant neighborhoods and stimulate economic vitality.\u201d<\/p>\n\n\n\n

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Mike DeWine<\/figcaption><\/figure><\/div>\n\n\n\n

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 rehabs and new construction once a property is sold.<\/p>\n\n\n\n

\u201cBy ensuring all current and future Ohioans have access to affordable housing, we are not only meeting the basic needs of our residents but also laying the foundation for sustainable economic development,\u201d said Lt. Governor Husted. \u201cAs companies continue to invest in Ohio, we will need the housing stock to support that growth and prepare our communities for the opportunities those businesses bring.\u201d<\/p>\n\n\n\n

Welcome Home Ohio program was created in partnership with the Ohio General Assembly in the biennium budget bill, House Bill 33. The Ohio Department of Development will administer the program and will begin accepting applications for both the grants and tax credit on Janary 9, 2024.<\/p>\n\n\n\n

\u201cEnsuring Ohioans have a home they can afford brings our families stability and allows them to have a place where they can stay healthy, raise their children, continue working, and live their best lives,\u201d said Director Mihalik. \u201cOur ultimate goal is to increase the affordable housing stock across Ohio so that more residents can realize the dream of homeownership.\u201d<\/p>\n\n\n\n

The application period for the grants will close at 11:59 p.m. February 9, 2024, with rolling applications accepted from February 12 to May 31, as funds are available. Tax credit applications will be accepted on a rolling basis until funds are expended.<\/p>\n\n\n\n

More information can be found here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Submitted information COLUMBUS — Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik released official program guidelines for the new $150 million Welcome Home Ohio program, which was developed to improve access to affordable housing across the state. \u201cHousing needs are present all across Ohio,\u201d said Governor DeWine. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-173598","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-06-11 13:12:21","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=173598"}],"version-history":[{"count":2,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173598\/revisions"}],"predecessor-version":[{"id":173600,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173598\/revisions\/173600"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=173598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=173598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=173598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}