To amend sections 319.302, 323.152, 323.153, 323.156, 323.158, 5747.85, and 5747.98 and to enact section 5747.25 of the Revised Code to modify property tax reductions for nonbusiness and owner-occupied property, to authorize a refundable income tax credit for renters, and to name this act the Ohio Homeowner Relief Act
To enact section 175.50 of the Revised Code to provide grants to qualifying applicants for mortgage assistance and to name the act the Mortgage Stability Act.
This bill modifies Ohio's affordable single-family home tax credit program to update definitions and procedures for developers and housing agencies. It directly affects nonprofit developers, government entities, and investors involved in building affordable housing by clarifying terms like "qualified project," "affordability period," and "eligible developer." The key mechanism allows the Ohio Housing Finance Agency director to reserve tax credits for projects that meet specific criteria, with a cap of $50 million annually and requirements that homes remain affordable for ten years. Developers must submit detailed applications, and the director evaluates them competitively while ensuring the total credit amount does not exceed 35% of estimated development costs. The bill also establishes rules for tracking project ownership and ensuring buyers occupy homes as primary residences during the affordability period.
To amend sections 5725.38, 5725.98, 5726.61, 5726.98, 5729.21, 5729.98, 5747.86, and 5747.98 and to enact section 122.841 of the Revised Code to authorize a nonrefundable, transferable tax credit for charitable organizations that construct owner-occupied housing and to name this act the Promised Land Act.
To amend sections 321.261, 701.10, 729.49, 735.29, 743.04, and 743.06 and to enact sections 319.65, 701.101, 701.102, 701.103, 701.20, 701.21, 701.22, 701.23, 701.24, 701.25, 701.26, 701.30, 701.31, 701.32, 701.33, 701.35, 701.36, 701.37, 701.38, 701.39, 701.40, 729.491, 729.492, 729.493, 735.291, 735.292, 743.041, 743.042, 1901.187, and 1907.033 of the Revised Code regarding limitations on recovery and lien imposition by municipalities against property owners of non-owner-occupied properties for unpaid water, sewer, and disposal services rates and charges.
SB 255 would create a new program under Ohio law to provide state grants to eligible residents. The grants would directly assist qualifying households with payments for mortgage principal, property taxes, and utility bills. The bill establishes a specific funding mechanism (section 175.50 of the Revised Code) to distribute these financial supports. It focuses on concrete financial relief for low-to-moderate income homeowners facing housing cost burdens.
This bill prevents homeowner associations and similar groups from banning political yard signs on private property. Associations may still set reasonable limits on sign size (minimum 12 inches tall by 18 inches wide), location, and timing, but cannot prohibit signs during the 30 days before elections or restrict them below the specified size. It directly affects property owners who display political signs and homeowner groups that previously enforced sign restrictions. The law makes any rule violating these provisions unenforceable in court.
To amend sections 319.202, 319.302, 323.155, 323.158, 4503.0610, and 5323.02 and to enact sections 323.21 and 323.22 of the Revised Code to allow eligible homeowners to defer the payment of a portion of their property taxes.
To amend sections 323.152, 323.153, 323.158, 4503.06, 4503.066, 4503.067, 4503.068, 4503.069, and 4503.0610 and to enact section 4503.0612 of the Revised Code to authorize a property tax reduction for certain owner-occupied homes.
To amend sections 319.202, 319.302, 323.155, 323.158, 4503.0610, and 5323.02 and to enact sections 323.21 and 323.22 of the Revised Code to allow eligible homeowners to defer the payment of a portion of their property taxes.
