Hardest Hit Fund

The state’s faulty application for federal foreclosure prevention funds, known as the Hardest Hit Fund, resulted in Ohio losing out on nearly $100 million that could have helped troubled homeowners remain in their homes. Nonetheless, $25 million will be made available to unemployed homeowners who are struggling to keep up with their mortgage payments ….

…The Ohio Housing Finance Agency began accepting applications on Sept. 26. For more information visit http://savethedream.ohio.gov/

Meanwhile, COHHIO is working to ensure the state doesn’t forego any more opportunities to help Ohioans avoid foreclosure if additional Hardest Hit Funds are made available in the future.

 

More info:

Cleveland.com, Ohio chose not to ask for federal money for thousands of struggling homeowners http://www.cleveland.com/open/index.ssf/2016/06/ohio_chose_not_to_ask_for_fede.html

Columbus Dispatch, Critics: Ohio fumbled application, losing million in foreclosure funding

http://www.dispatch.com/content/stories/local/2016/04/20/application-problems-cost-state-millions-in-federal-money-for-foreclosure-prevention.html

2016-10-26T20:52:35+00:00