Discussions about Affordable Housing Tax Credit (HB3) Begin
While House Bill 3 doesn’t yet contain specific provisions or language, legislators in the Ohio House have already begun debating its intent to authorize an affordable housing tax credit in the state.
The bill has been identified as a priority measure by Speaker Jason Stephens. One of the aims of the legislation is to address a major concern as it comes to economic development and employment in the state: namely, ensuring workers find Ohio to be an attractive, affordable place to live.
Workforce housing is critical to economic development, Ohio’s communities, and their residents. OEDA will continue to closely monitor HB 3 and keep members informed about this important issue.
Housing demand outstrips supply so much that developers can be – and are – very selective about where they choose to invest. Factors like land price, annexation and zoning processes, infrastructure costs, density, and community design specs will make or break a developer’s go-or-no-go decision. This panel discussion will provide insights into developers’ decision-making processes, as well as help direct the focus of local economic developers to those areas in which they can add value in housing discussions.
The Call for Presentations for the OEDA Annual Summit to be held September 4-6, 2024, at the Glass City Center in Toledo, Ohio, is now open. The Annual Summit offers a unique platform to highlight innovative solutions, spark discussions, and share impactful strategies that have positively influenced communities. The Annual Summit organizers are seeking speakers to provide a variety of high quality educational sessions to attendees.
The Ohio Economic Development Association has announced JP Nauseef and Dr. Ned Hill as the keynote presenters for the upcoming Ohio Basic Economic Development Course, April 29-May 2, in Dublin, Ohio. JP Nauseef, the President and CEO of JobsOhio, which has been described as the “best in class state economic development partnership,” will welcome the Basic Course students and Keynote the course. Dr. Ned Hill, a recognized national expert in economic growth, regional development, and economic development, will kick off the course by covering “What is Economic Development and What is the Job of an Economic Development Professional?”