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The HIT Foundation hosted a groundbreaking ceremony recently at a construction site in Gratis. A duplex is being built on the Ada Doty Street site thanks to funding from the Neighborhood Stabilization Program. Several area officials were on hand including representatives from the Darke County Commission Office, Preble County Commissioners, Miami Valley CTC, the Village of Gratis and various contractors who will be working on the project.
HIT Foundation Executive Director Bill Hutton welcomed the group and gave a brief description of the NSP process.
 The groundbreaking was conducted by (left to right): HIT Foundation Founder and Chairman of the Board Mary Bullen, Preble County Commissioner Bob Stonecash, Village of Gratis Mayor Randy Kemper and Darke County's Jane McNutt.
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Ohio’s Foreclosure Prevention Program Celebrates One Year Anniversary
The
Ohio Housing Finance Agency (OHFA) recently celebrated the one-year
anniversary of its statewide foreclosure prevention program, Restoring
Stability: A Save the Dream Ohio Initiative. Since the implementation
of the program on September 27, 2010, the Agency has assisted more than
2,900 Ohio homeowners at risk of mortgage loan default or foreclosure.
Of the 2,900 homeowners, 73 percent are currently unemployed and unable
to qualify for most loan modification and foreclosure prevention
programs.
OHFA is assisted by local housing counseling agencies
such as the H.I.T. Foundation in Eaton. These local agencies receive
referrals from OHFA and provide the initial screening for eligibility
and, once completed, submit the application.
The H.I.T.
Foundation has been a part of the Restoring Stability program since
April and has submitted nearly 30 applications for assistance. “Home Is
The Foundation” is a private, non-profit organization focused on
providing for housing needs in Preble County and surrounding areas. The
Foundation provides this service to homeowners in Preble, Darke and
Montgomery counties.
The program requires an online application
which can be prepared by the homeowner or, if needed, created by the
counseling agency. The online application is available on the Save the
Dream Ohio website, www.savethedream.ohio.gov.
The H.I.T.
Foundation is the only housing counseling agency currently assisting
with Restoring Stability located in Preble County. If a homeowner
wishes to utilize the H.I.T. Foundation as a counseling agency, please
indicated that on the application’s online profile or contact the
agency prior to beginning the online application.
For more
information or assistance with the online application, contact the
H.I.T. Foundation at (937) 472-0500 or stop by the office at 1751 N.
Barron Street, Eaton OH 45320. Information is also available on the
H.I.T. Foundation website at www.hitfoundation.org.
To implement
the program, OHFA received $570.4 million from the U.S. Department of
Treasury’s Hardest Hit Fund (HHF). Ohio was one of 18 states plus the
District of Columbia that received a portion of $7.6 billion in federal
assistance through HHF, established to provide financial assistance to
families in states most impacted by the downturn of the housing market.
“OHFA
was among the first to open their program statewide and has been a
leader in many ways among the Hardest Hit Fund states,” said OHFA
Executive Director Doug Garver. “The Agency is helping about 500
borrowers each month with keeping the homes they have worked hard to
obtain. I am proud of the progress the program is making and feel it is
well on its way to assisting an estimated 53,000 struggling families.”
To
date, 2,913 homeowners received assistance totaling $23,362,921. Of
these homeowners, 2,491 received aid through Rescue Payment Assistance,
1,898 received aid through Partial Mortgage Payment Assistance, 35
received aid through Lien Cancellation and two received aid through
Transition Assistance.
Homeowners may combine programs up to the
maximum household benefit amount of $15,000. More than 1,500 homeowners
have received Rescue Payment Assistance in conjunction with Partial
Mortgage Payment Assistance. All payments are made through OHFA’s
fiscal agent, Ohio Homeownership Assistance LLC, to mortgage servicers
on behalf of eligible homeowners.
Information on the Restoring
Stability program is also available on the Save the Dream Ohio website,
www.savethedream.ohio.gov or by calling the toll-free hotline at
888-404-4674
Special Thanks
Workers from Dow Chemical Company in West Alexandria participated in the Great American Cleanup effort on Friday, May 6. This group gave the HIT Foundation office area a sprucing up with spring mulching, trimming and cleaning. The HIT Foundation staff would like to thank Dow for their efforts.
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