OHFA 2021 Fourth Quarter Agency at a Glance

OHFA UPDATE - PAGE 6 - 2021 FOURTH QUARTER The Residential Lending department has been very busy this quarter. Volume has been off the charts! We continue to be surprised at how many first-time home buyers can enter this crazy real estate market where homes are selling for well over asking price within a matter of hours. In November, our reservations were just over $76 million. OHFA has transitioned from working remotely to a hybrid model that has us in the office three days during the week. Our department is in office together once a week, allowing us to meet as a staff. It ’s been beneficial to have the ability to meet together, in-person. We hope to begin offering conventional loans to borrowers whose qualifying income exceeds 80% of the area median income in the near future. We know this will help even more borrowers get into homes. OFFICE OF SINGLE FAMILY HOUSING RESIDENTIAL LENDING UPDATE ERIN HIGGINS RESIDENTIAL LENDING MANAGER On November 18, the US Treasury Department officially approved the State of Ohio’s Homeowner Assistance Fund (HAF) plan. This approval resulted in the release of the remaining $280,771,073 to OHFA. This allows us to move forward with expanding our HAF programs to their full potential. In the Mortgage Assistance Program/Rescue Payment Assistance, we currently have 85 servicers signed up and we have disbursed over $4 million to homeowners in need of assistance. In the Utility Assistance Plus, we have disbursed over $2.5 million to over 25 Community Action Agencies. We continue to monitor and track the impact of these programs on Ohio homeowners to ensure they are meeting those in need. Have a great winter! HOUSING PRESERVATION UPDATE TOM WALKER HOUSING PRESERVATION DEVELOPMENT MANAGER