Gov Lt Gov Dev Masthead
*FOR IMMEDIATE RELEASE:*
January 11, 2024
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*Dan Tierney: 614-644-0957
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Governor DeWine Announces Availability of?$150 Million to Improve Access to Housing in Ohio
(COLUMBUS, Ohio)??Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Ohio Department of Development Director Lydia Mihalik today announced the launch of the new Welcome Home Ohio program, which invests $150 million to help improve access to housing across the state.??
"Quality housing contributes significantly to quality of life and?is the foundation of strong communities," said Governor DeWine. "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 program will provide $100 million in grants over the course of the biennium for landbanks to purchase, rehabilitate, or build qualifying residential properties for income-eligible Ohioans. Additionally, $50 million in nonrefundable tax credits will be made available to landbanks and eligible developers over the biennium for qualifying property rehabilitation and new construction once a property is sold.?
?There is a strong link between housing availability, economic growth, and quality of life,? said Lt. Governor Husted. ?The good news in Ohio is that we have a record number of jobs and our children and grandchildren don?t need to leave Ohio to find great opportunities. However, unless you want them to live at home for the rest of their lives, we?ve got to build them someplace to live.??
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*MORE: Grant Guidelines and Application * [ [link removed] ]
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The Welcome Home Ohio program was created in partnership with the Ohio General Assembly in the biennium budget bill, House Bill 33. The Department of Development administers the program.?
?This program is the product of collaboration and a shared passion for community development,? said Director Mihalik. ?We?re looking forward to working with our local partners to increase Ohio?s housing stock, and we?re excited about the positive impact this will have on our economic landscape.??
The application period for the grants is open now through 11:59 p.m. Feb. 9, 2024, 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.?
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