News Release 
| FOR IMMEDIATE RELEASE Wednesday, July 22, 2009 |
Media Contact: Erin Biehl, ebiehl@ohiohome.org Phone: 614.387.2863 |
OHFA TO ADMINISTER INCENTIVE PROGRAM AIMED AT KEEPING GRADUATES IN OHIO
COLUMBUS — Over the next several months, the Ohio Housing Finance Agency (OHFA) will implement a program introduced by Senator Stephen Buehrer to encourage homeownership among Ohio's graduates. Through the Grants for Grads program, graduates who purchase a home and remain in the state for at least five years may qualify to receive down payment and closing cost assistance. The program was approved by the Senate and merged into the biennial budget bill, which was signed by Governor Ted Strickland on July 17.
Graduates who earn an Associate, Bachelor's, Master's, Doctoral or other Postgraduate degree from a state or private university or college may be eligible for the help they need to make homeownership a reality. Participants will be required to obtain a mortgage through the First-Time Homebuyer Program from OHFA within 18 months of graduating.
The Agency will post detailed information as it is developed about this initiative at www.ohiohome.org.
OHFA utilizes federal and state resources to provide housing opportunities for families and individuals through programs designed to create, preserve, and manage affordable housing throughout the State of Ohio. The Agency is a self-supporting quasi-public agency governed by an eleven-member board, nine of whom are appointed by the Governor and confirmed by the Senate. Two additional seats on the board, by statute, are reserved for the Director of Development and the Director of Commerce, or their designees, and both serve as ex officio voting members.
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