www.savethedream.ohio.gov Restoring Stability Program Fact Sheet Ohio has been awarded $570 million from the U.S. Department of Treasury’s Hardest-Hit Fund to help homeowners avoid foreclosure. The Ohio Housing Finance Agency (OHFA) is administering Restoring Stability: A Save the Dream Ohio Initiative, to help an estimated 50,000 families who are at high risk of default or foreclosure. OHFA worked with Save the Dream Ohio partners to develop a comprehensive, statewide strategy to distribute the federal funds and help as many unemployed and underemployed Ohioans as possible. Through Restoring Stability: A Save the Dream Ohio Initiative, the State of Ohio currently offers four programs to help homeowners who have a temporary or permanent reduction in income. Programs include: Rescue Payment Assistance Program provides a payment to the mortgage lender to help delinquent borrowers become current on their first mortgage. Partial Mortgage Payment Assistance Program provides up to 15 months of assistance for unemployed homeowners while they search for a job or participate in job training. Modification Assistance with Principal Reduction Program provides an incentive payment that must be matched by an lender or investor to reduce the mortgage principal balance so a loan modification may be possible. Transition Assistance Program provides an incentive payment to the mortgage servicer and homeowner to assist with short sale or deed-in-lieu agreements to help homeowners exit their homes gracefully. Homeowners may submit applications online or may call the Save the Dream hotline to be referred to a housing counselor. To be eligible, homeowners must meet certain income and asset tests, and must have a qualifying hardship. Housing counseling agencies work with homeowners throughout Ohio to determine if they qualify for assistance.

H.I.T. Foundation offering foreclosure program Homeowners in Preble County and surrounding areas struggling to make monthly mortgage payments or facing foreclosure can take advantage of a free service offered by the HIT Foundation in Eaton. Home Is The Foundation is a private, non-profit organization focused on providing for housing needs in Preble County and surrounding areas. For more than a year, the group has been working with area homeowners in need of foreclosure prevention. During that time more than 300 homeowners have come to the HIT Foundation for assistance. The organization is now funded directly by the Ohio Housing Finance Agency and continues to serve as a HUD-approved foreclosure counseling agency. To schedule a confidential meeting with a foreclosure counselor homeowners are asked to contact Deron Newman at (937) 472-0500, Ext. 402, or call the toll-free foreclosure prevention information number at (866) 230-6240. The foreclosure prevention program is designed to assist homeowners who are unable to keep up with monthly mortgage payments and/or are in the foreclosure process. The program targets homeowners facing job loss, medical issues, or other hardships, as well as those victimized by predatory lending practices. Whether a homeowner has missed one mortgage payment or is already in the foreclosure process, the H.I.T. Foundation may be able to help. H.I.T. Foundation works to identify homeowners who are currently facing foreclosure and enroll them in this program. The Foundation also provides information and referrals to other area resources. The agency then works with lenders to negotiate an acceptable loan modification or other resolution.