On Jan. 8, Ohio Treasurer Robert Sprague announced the launch ofOhio Homebuyer Plus, a new savings program designed to encourage homeownership. Following the same “linked deposit” model used for existing programs like Ag-LINK and Family Forward, Ohio Homebuyer Plus offers above-market interest rates to account holders who deposit money at participating banks or credit unions. Individuals who open an account may also qualify for certain state income tax deductions.
To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible account holder must:
Be an Ohio resident of at least 18 years of age; Have a primary residence in Ohio; Only use the account proceeds toward the down payment or closing costs of a primary residence purchased in Ohio.
A complete list of participating financial institutions is listed in theOhio Homebuyer Plussection of the Ohio Treasurer website.
The Columbus REALTORS® Government Affairs Forum is hosting an event with Ohio Treasurer Robert Sprague on Tuesday, March 6 at 1 p.m. Registration is required and the event is only open to active Columbus REALTORS® members.
