Enact the Mortgage Stability Act

Summary

The bill establishes the Save the Dream Ohio program within the Ohio Housing Finance Agency, offering up to $3,000 per homeowner each year to cover delinquent mortgage payments. To qualify, a homeowner must have an adjusted gross income of $75,000 or less and must have lived in the home for at least five years. The program is funded with up to $10 million and will be run under rules the agency adopts.

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