OHFA Annual Plan - Ohio Housing Finance Agency

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Workgroup #1:Affordable Homeownership & Counseling and Education ResourcesWorkgroup Members:John Analiefo, Famicos FoundationTom Leach, HUDJeff Brader, Concord Mortgage GroupGretchen McKay, King ThompsonDon Corley, WSOS Community ActionVince Squillace, Ohio Home Builders AssocTom Finnegan, First Merit MortgageLou Tisler, NHS of Greater ClevelandDoug Harsany, ODODSteve Torsell, Homes on the HillKim Johnson, First Class Real Estate Services LLCOHFA Staff: Cynthia Flaherty Dana SmithMeeting History: July 23, 2008 September 19, 2008August 5, 2008 October 2, 2008August 26, 200850
Executive SummaryHousing Need Description and its Urgency to Ohio• Affordable Homeownership: Homeownership can provide families with the benefits ofstability and wealth building, but when homebuyers are unprepared for the financial andlegal responsibilities of ownership, the opposite may result. In order to afford and retainhomeownership, low and moderate income homeowners may need assistance withenergy efficiency and resource conservation, property maintenance or rehabilitation,while other homeowners require modifications to remain in their home.• Counseling and Education Resources: The ability to obtain and retain access to qualityaffordable housing depends, in part, on a household’s ability to manage their financialresources and to protect their rights with respect to their housing situation. Manyfamilies have benefited from a variety of services such as: foreclosure mitigation andprevention, pre-purchase and post-purchase counseling and education, homelessnessprevention, fair housing advocacy, and legal assistance with landlord-tenant disputes.Met Housing Needs:• The Ohio Department of Development prepares an annual Consolidated Plan requiredby HUD for programs undertaken in conjunction with HUD funding. The HUD programsaddress the need for affordable homeownership and provides counseling and educationresources. The “Resource Inventory” identifies HUD and other significant programs thataddress affordable homeownership and counseling and education resources in Ohio.Unmet Housing Needs:• Due to the volatile economic conditions and foreclosure crisis there is an increasedneed for affordable homeownership and counseling and education resources to retainthe preferred housing choice, homeownership, in Ohio. The unmet housing needs areidentified and include a discussion of the “gaps.”Best Practices, Policies and Programs:• The Ohio Department of Development’s Office of Community Housing & Partnerships(OCHP) has several programs that were identified as a best practice to retain affordablehomeownership. The Community Housing Investment Program (CHIP) administered byOCHP partners with local small cities and counties to create and preserve affordablehomeownership.Recommendations for Annual Plan Advisory Board:• Expand Individual Development Account (IDA) programs• Increase Lease-Purchase programs• OHFA should help connect consumers with financial literacy resources• Establish homebuyer education requirement in OHFA First-Time Homebuyer program• Increase the use of FHA’s 203(k) program for home purchase and rehabilitation• Promote energy improvement loans, grants, and incentives• Continue Save the Dream: Ohio’s Foreclosure Prevention Effort51
Page 3 and 4: OHFA Annual PlanThe Ohio Housing Fi
Page 5: Mission StatementsThe OHFA Annual P
Page 8 and 9: The State’s Housing NeedsAffordab
Page 10 and 11: Subject Matter Expert (SME) Workgro
Page 12 and 13: 3. Financial LiteracyOHFA and other
Page 14 and 15: Affordable Housing Preservation & D
Page 16 and 17: federal subsidies. To achieve this
Page 18 and 19: Accessible HousingBackground DataOh
Page 20 and 21: 3) Create dedicated funding streams
Page 22 and 23: • Recommend that Ohio support the
Page 24 and 25: Rural and Appalachian RegionsBackgr
Page 26 and 27: 6. Annual Set-Asides and Incentives
Page 28 and 29: • Several cities in Ohio current
Page 30 and 31: OHFA should provide funding, traini
Page 32 and 33: Permanent Supportive Housing Produc
Page 34 and 35: 3. The State should assist local Co
Page 45 and 46: PrioritizationThe challenge of prio
Page 47 and 48: Agency RecommendationsThe Annual Pl
Page 49: APPENDIXWorkgroup 1: Affordable Hom
Page 53 and 54: efficiency and resource conservatio
Page 55 and 56: 554. Home Buyer Education in OHFA F
Page 57 and 58: Estimated Units in Need of Some For
Page 59 and 60: Ohio County Foreclosure Filings (19
Page 61 and 62: Operating Costs - Met and Unmet Nee
Page 63 and 64: Workgroup #2:Affordable Housing Pre
Page 65 and 66: Secondary Recommendations• Explor
Page 67 and 68: Executive SummaryOhio’s supply of
Page 69 and 70: Met Housing Needs (“Resource Inve
Page 71 and 72: Ohio Deptof MentalRetardation andDe
Page 73 and 74: Unmet Housing NeedsData OverviewThe
Page 75 and 76: ody, and will be built within the C
Page 77 and 78: • OHFA will continue to maintain
Page 79 and 80: Best Practices, Policies and Progra
Page 81 and 82: addition, 60,111 one-person househo
Page 83 and 84: Across Ohio, people with very low i
Page 85 and 86: • Responsible for Rent - The pers
Page 87 and 88: Seattle, St. Louis, and Washington,
Page 89 and 90: Primary Recommendations• Create a
Page 91 and 92: Unmet Housing Needs:• Due to the
Page 93 and 94: • The cost of construction often
Page 95 and 96: Recommendations for Annual Plan Adv
Page 97 and 98: capacity to quantify vacant propert
Page 99 and 100: distributed on or about January 15,
Page 101 and 102:
Action is needed at the State level
Page 103 and 104:
a “user-friendly” data system,
Page 105 and 106:
5) Incentivize the formation of bro
Page 107 and 108:
Workgroup #8:Permanent Supportive H
Page 109 and 110:
3. Assist local Continuums of Care
Page 111 and 112:
Program and Resource InventoryNonpr
Page 113 and 114:
Table 2PopulationsPersons whoexperi
Page 115 and 116:
Examples: A national model for succ
Page 117 and 118:
oles, so they create a contract bet
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Workgroup #8:Appendix ANameProgramD
Page 121 and 122:
or remedyingneglect, abuse,or the e
Page 123 and 124:
ased healthcare, and earlyintervent
Page 125 and 126:
“Bob” of Stark County, OhioPubl
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OHFA Annual Plan - Ohio Housing Finance Agency

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