Local –
ARTICLE: Capital Line phase on construction readies on Gay Street
- The Capital Line is an urban pathway through the heart of Downtown Columbus, offering two miles of bike paths and pedestrian traffic, greenspaces, and a connection to amenities and housing along the Gay Street corridor.
- The first phase of construction on the Capital Line pathway has kicked off on Gay Street.
- Work is expected to wrap up in late 2027. View the construction schedule and more information HERE.
State –
- The Ohio Department of Development (DOD) is now taking applications for a $100 million loan program supporting housing construction in rural areas under the Residential Development Revolving Loan Fund (RDRLF) Program.
- The program is designed to provide low-interest loans to cover up to 50 percent of eligible infrastructure development, repair or upgrade costs, with support of up to $30,000 per single-family home included in the project served by the new or improved infrastructure.
National –
White House Directs [Mortgage-backed securities] Purchases to Lower Mortgage Rates
- The President recently directed the Fannie Mae and Freddie Mac to purchase $200 billion of their own mortgage-backed securities (MBS) in order to lower mortgage rates.
- Mortgages rates fell nearly 0.2% the subsequent day, ending the day at 5.99%.
- NAR has advocated for the government, including the GSEs, to expand their MBS purchases to bring down mortgages rates, and applauds this move.
