The Save the Dream Ohio program for those requesting foreclosure prevention assistance closed to new applications on October 31, 2019.
About the Hardest Hit Fund
Save the Dream Ohio, formerly known as Restoring Stability: A Save the Dream Ohio Initiative, was created to help Ohio homeowners who are struggling to make their monthly house payments or facing foreclosure due to a financial hardship. The U.S. Department of the Treasury's Hardest Hit Fund allocated $762.2 million to OHFA to administer the program.
The program's funding is made possible by President Obama's Housing Finance Agency Innovation Fund for the Hardest Hit Markets, established in February 2010, to provide financial assistance to families in the states most impacted by the downturn of the housing crisis.
Save the Dream Ohio Links
The goal of the Neighborhood Initiative Program is to stabilize property values by removing and greening vacant and blighted properties in targeted areas in an effort to prevent future foreclosures for existing homeowners.
Ohio Homeowner Assistance, LLC (OHA) is the eligible entity formed to administer Ohio's Hardest Hit Funds. All program-related expenses and Save the Dream Ohio assistance are disbursed by OHA on behalf of the Ohio Housing Finance Agency.