Ohio will receive a total of $320 million from President Obama’s Hardest Hit Fund to aid Ohioans struggling to keep their homes. As a member of Congress, I’ve long advocated for targeted funding to the hardest hit states, and was proud when the Hardest Hit Fund was established. The President’s multi-pronged approach will help families keep their dreams, even in the midst of this recession.
The fund will be administered by the Ohio Housing Finance Agency. Ohioans out of work may receive as much in $15,000 in financial assistance to pay their mortgage. The assistance would go to the mortgage servicing company for late or current payments, reduce the loan balance or help a homeowner leave an unaffordable home.
I’m proud that this aid is not smoke and mirrors, it’s real change.