Welcome Home Ohio: County Land Banks Setting the Table for Affordable Housing Development

Buried deep in its 6,198 pages, Ohio’s recently enacted operating budget (Am. Sub. House Bill 33) authorizes the creation of a dual-track grant/tax credit program for near-exclusive use by land banks (both municipal and county types) for affordable housing development. We have previously shared that land banks – particularly county land bank-types – should consider taking their well-deserved seat at the economic development table. The Welcome Home Ohio Program catapults land banks into the role of executive chef, at least when affordable housing is on the menu. That said, the lengthy list of recipe ingredients that must be used to access this form of public financing may diminish the appetites of affordable housing market participants. For more read the full article.

Economic Development