Enact the Mortgage Stability Act

hb910_00_IN

As Introduced

136th
General Assembly

Regular
Session
H. B. No. 910

2025-2026

Representatives Upchurch, Abdullahi

Cosponsors: Representatives Jarrells,
Lawson-Rowe, Troy, Synenberg, Sims, Brewer, Rader, Brownlee

To
enact section 175.50 of the Revised Code
to
provide grants to qualifying applicants for mortgage assistance and
to name the act the Mortgage Stability Act.

BE
IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section
1.
That
section 175.50 of the Revised Code be enacted to read as follows:

Sec.
175.50.
(A)
As used in this section, "homeowner" means an individual
who, jointly or severally, has legal or equitable title to
owner-occupied housing located in Ohio together with the right to
control or possess that housing. "Homeowner" includes a
purchaser of housing pursuant to a land installment contract if that
contract vests possession and maintenance responsibilities in the
purchaser and a person who has care or control of housing as
executor, administrator, assignee, trustee, or guardian of the estate
of the owner of that housing.

(B)(1)
The save the dream Ohio program is created within the Ohio housing
finance agency for the purpose of providing grants to homeowners to
pay delinquent mortgage payments.

(2)
The Ohio housing finance agency shall administer the program created
under division (B)(1) of this section using up to ten million dollars
of money available to the agency. The programs are not subject to the
income limits established by the agency under section 175.05 of the
Revised Code.

(C)
A homeowner is eligible for a grant under the program created by this
section if both of the following apply at the time of the homeowner's
application:

(1)
The homeowner's adjusted gross income, as defined in section 5747.01
of the Revised Code, for the most recently concluded tax year does
not exceed seventy-five thousand dollars;

(2)
The homeowner has resided in the housing for a least five years.

(D)
A homeowner may apply for and receive more than one grant under this
section, but no person may apply for or receive more than three
thousand dollars in grants under this section in a calendar year.

(E)
The Ohio housing finance agency shall adopt rules pursuant to Chapter
119. of the Revised Code as necessary to administer the grant
program. At a minimum, the rules shall include both of the following:

(1)
The form and manner in which applications are submitted;

(2)
Criteria for determining whether an applicant is disabled or is the
caretaker of an individual who is disabled.

Section
2.
This
act shall be known as the Mortgage Stability Act.