Current Initiatives

Hardest Hit Fund

Save the Dream Ohio

$7.6 billion in funding for innovative measures to help families in states hit hardest by the foreclosure crisis was made available by President Obama's Housing Finance Agency Innovation Fund for the Hardest Hit Markets. Ohio, through the Ohio Housing Finance Agency, developed Save the Dream Ohio (formerly known as Restoring Stability: A Save the Dream Ohio Initiative) with this funding.

This program, in collaboration with the Governor's office, the Ohio Department of Commerce, and the Save the Dream Ohio partners, provided millions in federal foreclosure prevention funding in Ohio. As part of the Treasury guidelines for receiving funding, each recipient of funding needed to be a "financial institution." The Ohio Capital Corporation for Housing, through an affiliate, the Ohio Homeowner Assistance LLC, serves as the fiscal agent for these dollars that have helped 24,533 Ohio households.

For complete information on Save the Dream Ohio, visit the Ohio Housing Finance Agency website.