Discussions about Affordable Housing Tax Credit (HB3) Begin

Mar 1, 2023 | Advocacy

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.

OAQDA and Ohio EPA Collaborate to Pursue Federal Funding: What You Should Know

As part of the Inflation Reduction Act (IRA) passed in 2022, a new federal program was created that provides great opportunity for Ohio – the Greenhouse Gas Reduction Fund (GGRF). It allocates $27 billion in financial assistance through three programs to reduce harmful air pollutants, mobilize financing and private capital, and deliver benefits for low-income and disadvantaged communities.

read more

Housing: An Overlooked Solution Puzzle Piece

The word is out Central Ohio is a wonderful place to live and work. While job opportunities are prevalent, the housing market is a challenge. The headlines are focused on new builds and further directed at greenspace and farmland depletion, zoning, density, affordability, transportation, congestion, the impact on schools, and concerns about community identity. New builds are vital, but the housing puzzle has an overlooked solution piece with abandoned and underutilized property.

read more