OHFA 2021 Third Quarter Agency at a Glance

OHFA UPDATE - PAGE 6 - 2021 THIRD QUARTER The Residential Lending division started the fiscal year (July 1) with tremendous volume. Reservations have averaged around $62.5 million over the last two months, and September looks promising with $28 million in the first nine business days of the month. Staff is working hard to maintain good turnaround times and provide great customer service to borrowers and lenders. The planning is underway for OHFA’s annual celebration of our lending and homebuyer counseling partners. The Partner Celebration will be virtual again this year, and we’re working hard to make it fun and engaging. Like so many, we are looking forward to the day when we can meet in person. We wished Anna Johnson the best as she became the latest of our tenured staff to retire at the end of July. We hope she is relaxing and enjoying some time off before moving on to her next adventure. Have a great autumn! OFFICE OF SINGLE FAMILY HOUSING RESIDENTIAL LENDING UPDATE ERIN HIGGINS RESIDENTIAL LENDING MANAGER The Housing Preservation team has been busy closing out the last component of the Hardest Hit Fund. During the program, the Agency disbursed over $775 million to more than 26,000 Ohio homeowners and greened more than 17,000 neighborhood lots in the state. Staff began a pilot program for the Housing Assistance Fund to help homeowners who faced financial hardships due to the coronavirus. The program has three elements: Rescue Payment Assistance, Mortgage Payment Assistance, and Utility Assistance Plus. The Agency has disbursed nearly $500,000 in RPA and MPA payments. In August, staff submitted a full plan for the Save the Dream Ohio: Help for Homeowners plan to the U.S. Department of the Treasury. When the plan is approved, the Agency will move from pilot phase to phase two; Treasury will then disburse the balance of Ohio’s $280 million allocation. OHFA partnered with Community Action Agencies across the state to help homeowners who find themselves delinquent with utility payments, HOA/condo fees and/or non-escrowed property taxes through the Utilities Assistance Plus program. In other news, the preservation team issued a Request for Proposal for a new servicer. U.S. Bank Home Mortgage submitted the accepted bid. The new agreement will start January 2022 and continue through December 2024. HOUSING PRESERVATION UPDATE TOM WALKER HOUSING PRESERVATION DEVELOPMENT MANAGER