Modify the affordable single-family home credit

Summary

The bill updates the definition and process for Ohio’s affordable single‑family home tax credit, setting new rules for who can apply, how credits are reserved, and the limits on annual credit amounts. It affects developers, nonprofit housing groups, and investors who build or fund affordable single‑family homes, requiring them to maintain ownership until the homes are sold to qualified buyers. The changes aim to ensure credits are awarded competitively and stay within a capped budget.

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