OHFA Expands Foreclosure Prevention Program

Posted by Orb Staff on February 01, 2013 No Comments
Categories : FYI

The Ohio Housing Finance Agency (OHFA) has announced expansions to Save the Dream Ohio, the state's foreclosure prevention program.

Among the program changes, the maximum benefit amount per household has increased from $25,000 to $35,000 for homeowners utilizing more than one program. Under the new terms, the maximum annual household income for eligible homeowners has increased to $112,375. Also, a household's liquid assets, excluding retirement funds, will no longer be a factor in determining program eligibility.

‘Since the implementation of the Save the Dream Ohio program, OHFA has distributed more than $105 million on behalf of more than 8,800 Ohio homeowners,’ says OHFA Executive Director Doug Garver. ‘These program enhancements will allow OHFA to reach more homeowners in need.’

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