About Save the Dream Ohio
Save the Dream Ohio began in 2008 as a multi-agency foreclosure prevention outreach initiative involving partners from state government, nonprofit housing counseling agencies, and legal aid organizations. The Save the Dream Ohio hotline, 888-404-4674, administered by the Ohio Housing Finance Agency (OHFA), connects financially distressed homeowners with HUD-approved housing counseling agencies that help families avoid foreclosure through programs such as the Hardest Hit Fund and Making Home Affordable.
About the Hardest Hit Fund
Save the Dream Ohio, formerly known as Restoring Stability: A Save the Dream Ohio Initiative, was created to help Ohio homeowners who are struggling to make their monthly house payments or facing foreclosure due to a financial hardship. OHFA was allocated $570.4 million from the U.S. Department of the Treasury's Hardest Hit Fund to administer the program.
The program's funding is made possible by President Obama's Housing Finance Agency Innovation Fund for the Hardest Hit Markets, established in February 2010 to provide financial assistance to families in the states most impacted by the downturn of the housing crisis.
Save the Dream Ohio Links
The goal of the Neighborhood Initiative Program is to stabilize property values by removing and greening Vacant and Blighted properties in Targeted Areas in an effort to prevent future foreclosures for existing homeowners.
By December 31, 2015, 24,533 homeowners had received assistance totaling $438,362,774.
Ohio Homeowner Assistance, LLC (OHA) is the eligible entity formed to administer Ohio's Hardest Hit Funds. All program related expenses and Save the Dream Ohio assistance are disbursed by OHA on behalf of the Ohio Housing Finance Agency.