More than $180M in assistance provided to Ohio homeowners financially impacted by the pandemic

The Ohio Housing Finance Agency (OHFA) has provided more than $180 million in assistance to Ohio homeowners through the Save the Dream Ohio program. The program has helped nearly 26,000 Ohio households avoid foreclosure and/or utility shutoffs.

The state of Ohio was awarded $280 million from the U.S. Department of Treasury through the American Rescue Plan Act of 2021 for the program.

"Over the last year and a half, we have been working diligently to help eligible Ohio homeowners avoid foreclosure through the Save the Dream Ohio program," said Shawn Smith, Executive Director of the Ohio Housing Finance Agency. "Working with partners across the state, we helped Ohioans recover from the financial impact of the pandemic."

The Save the Dream Ohio program provides assistance to eligible Ohio homeowners who are facing foreclosure or cannot afford to pay their mortgage, utility bills or other related housing costs as a result of economic hardship caused by the COVID-19 pandemic.

Applications are reviewed in the order in which they are received, and awards are subject to funding availability. The Save the Dream Ohio applications will be accepted until all funds have been allocated. Submission of an application does not guarantee an award.

The program will remain available until funding is allocated or through Sept.. 30, 2025.