Low Income Housing in Ohio
Up to 12 million U.S. households pay over 50 percent of their income to pay rent or mortgages payments, according to U.S. Department of Housing and Urban Development statistics. Households faced with high housing costs often do not have enough money to pay for basic family needs, such as proper nutrition or doctor visits. A variety of nonprofit organizations and government agencies in Ohio address the need for affordable housing by providing public housing units, rent subsidies and loans to help families purchase houses.
Other People Are Reading
-
Ohio Housing Finance Agency
-
The Ohio Housing Finance Agency (OHFA) provides housing programs for low-income Ohio residents to help secure affordable housing. The OHFA rehabilitates properties and develops rental units for low-income Ohioans. The organization maintains partnerships with lenders throughout Ohio to offer low-interest loans that help residents purchase a home. The agency administers funding programs, including the federal government's Housing Credit Program, to help developers build affordable housing units. The OHFA also has the task of monitoring compliance in over 1,000 housing properties across Ohio.
U.S. Department of Agriculture
-
The U.S. Department of Agriculture (USDA) offers multiple housing programs for low-income rural Ohio residents through its Rural Development division. Through the 502 Direct Loan program, low-income families can receive funding to rehabilitate, construct or purchase a home. The Section 515 Rural Rental Housing Loan program offers funding to government agencies, nonprofit organizations and individuals to provide housing for low-income, handicapped, disabled and elderly residents. Nonprofit organizations and public agencies can receive funding to purchase or develop land for affordable housing developments with a USDA Rural Housing Site Loan. The 502 Guaranteed Loan program helps rural Ohioans fund down payments to purchase homes, with funds provided by participating lenders statewide.
-
U.S. Department of Housing and Urban Development
-
The U.S. Department of Housing and Urban Development, often referred to as HUD, provides public housing units and offers rent subsidizes for low-income Ohioans through statewide public housing agencies. The Housing Choice Vouchers program, commonly known as the Section 8 housing program, helps Ohioans obtain affordable rental housing by subsidizing their rent payments and allows participants to choose homes, apartments or townhouses on the private rental market. Section 8 tenants must pay a portion of the monthly rent and HUD pays the remainder directly to the property owner or rental agent. The public housing program includes low-cost single-family homes and apartments, which HUD makes available to low-income households, the disabled and senior citizens.
Nonprofit Organizations
-
Nonprofit organizations in various locations throughout Ohio provide services that assist developers in creating affordable housing and low-income families in obtaining a home. The Coalition on Homelessness and Housing in Ohio works with housing organizations to provide transitional housing, emergency shelters and education programs to assist homeless and low-income residents. St. Mary Development Corporation develops and manages low-cost housing in the southwest region of Ohio for low-income families and senior citizens. Developments include single-family houses in Dayton and temporary housing managed in association with the American Red Cross.
-
References
More Like This
Comments
-
Start planning for your retirement today by adding mobility in your rooms so that they can be accessible to seniors and the disabled. Everybody is aging and you can still enjoy your prime time in your house which is not costly.
