FOR IMMEDIATE RELEASE
Thursday, June 2, 2016
Media Contact: Molly Moses
Ohio Housing Finance Agency Celebrates Homeownership Month, Making Homeownership Within Reach for Thousands of Ohioans
COLUMBUS – The Ohio Housing Finance Agency (OHFA) joins the nation and Ohio Governor John Kasich in recognizing June as Homeownership Month, a time when the Agency is working to raise awareness of its programs available to potential homebuyers and homeowners, particularly in the areas most impacted by the lack of affordable housing options.
"Affordable housing improves lives, creates jobs and strengthens communities," said OHFA Executive Director Doug Garver. "Ohio families trust OHFA to advocate for them and to provide the tools, education and services that make successful homeownership possible. Because of our affordable and stable lending products for first-time homebuyers, sustainable homeownership has become a reality for many underserved Ohio families who may not afford a home otherwise."
"A study conducted by HSH Associates states that Cleveland and Cincinnati are two of the most affordable housing markets in the country," Garver continued. "The study supports that a homebuyer could earn an annual salary between $30,000 and $34,000 and find a median-priced home in either market."
OHFA has helped nearly 150,000 families open the doors to an affordable place to call home with FHA, VA, USDA-RD and conventional mortgage loans. OHFA also offers down payment assistance options, a mortgage tax credit and other loans to support first-time homebuyers. In addition, OHFA offers first-time homebuyer loans with special mortgage interest discounts to recent graduates and Ohioans who serve in critical service roles, such as law enforcement officials, firefighters, EMTs, healthcare workers, teachers and military personnel.
OHFA partners with a variety of lenders including banks, mortgage companies and credit unions throughout the state. Potential buyers can visit myohiohome.org to find a local OHFA-approved lender, current interest rates and more information on OHFA's homeownership programs.
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About the Ohio Housing Finance Agency
OHFA is a self-supporting quasi-public agency governed by an eleven member board. The Agency uses federal and state resources to provide housing opportunities for families and individuals through programs designed to develop, preserve and sustain affordable housing throughout the state of Ohio.