October 19, 2009

Ohio offering college grads homebuying help!!!!


Ohio is seeking to keep more natives in the Buckeye State after college with a new program that lightens the load for home-buying graduates.

The Ohio Housing Finance Agency on Monday opened up the Grants for Grads program, an initiative that gives any graduate of an Ohio high school a 2.5 percent break on the purchase price of a home within 18 months of graduating from college. Grads don’t receive the full benefit of the break, which helps with down-payment and closing costs, unless they stay in the house for at least five years.

The program got a final legislative OK as a part of the two-year budget Gov. Ted Strickland signed in July. Erin Biehl, a spokeswoman for the agency, said $1 million initially has been set aside for the program but officials hope it will eventually become self-sustaining.


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