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HB 910

Enact the Mortgage Stability Act

136th Legislature (2025-2026) Introduced by Munira Abdullahi and 9 co-sponsors

The Mortgage Stability Act would let OHFA grant up to $3,000 per eligible owner-occupied home annually to cover delinquent mortgages, with up to $10 million total.

Referred to committee
#housingandrealproperty
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Bill Summary · HB 910

Overview

House Bill 910 (H.B. 910), introduced in the 136th Ohio General Assembly, would create the Mortgage Stability Act and establish the Save the Dream Ohio program within the Ohio Housing Finance Agency (OHFA). The program would provide grants to qualifying homeowners to help pay delinquent mortgage payments, aiming to prevent foreclosures and stabilize homeownership.

Main purpose and intent

  • Provide targeted financial assistance to homeowners facing delinquency on their mortgage.
  • Stabilize homeownership and reduce foreclosures by offering grants to cover past-due mortgage payments.
  • Create a dedicated funding source and administrative framework within OHFA to administer the grants.

Key provisions and changes

  • Section 175.50 defines “homeowner” to include:
    • A person with legal or equitable title to owner-occupied housing in Ohio, with control or possession rights.
    • Purchasers under a land installment contract with possession/maintenance responsibilities.
    • Persons acting as executor, administrator, assignee, trustee, or guardian with care/control of the housing estate.
  • Establishment of the Save the Dream Ohio program within OHFA (for the purpose of providing grants to homeowners to pay delinquent mortgage payments).
  • Funding and administration:
    • The program may use up to $10 million of funds available to OHFA.
    • There are no income limits for eligibility under this program (it is explicitly not subject to OHFA’s typical income limits under § 175.05).
  • Eligibility criteria:
    • At application time, the homeowner’s adjusted gross income (AGI) for the most recent tax year must not exceed $75,000.
    • The homeowner must have resided in the housing for at least five years.
  • Grant limits and stacking:
    • A homeowner may apply for and receive more than one grant, but no individual may receive more than $3,000 in grants in a single calendar year.
  • Administration and rules:
    • OHFA is directed to adopt rules under Ohio’s administrative procedure process (Chapter 119) as necessary to administer the program.
    • Required rule content includes: (a) forms and submission procedures, and (b) criteria for determining disability or being the caretaker of a disabled individual.

Who and what is affected

  • Beneficiaries: Homeowners in owner-occupied housing in Ohio meeting the eligibility criteria (AGI ≤ $75,000 and five years of residency) who are delinquent on mortgage payments.
  • Administrative body: Ohio Housing Finance Agency, which would administer grants and establish qualifying criteria and processes via rules.
  • Stakeholders potentially impacted include homeowners at risk of foreclosure and OHFA staff and applicants seeking mortgage relief.

Procedural and timeline aspects

  • The act would be titled the Mortgage Stability Act upon enactment.
  • The program would draw from up to $10 million in OHFA resources.
  • Eligibility is contingent on tax-year AGI and residency duration, with grants capped at $3,000 per homeowner per year.
  • OHFA must adopt implementing rules (Chapter 119) detailing application forms, submission procedures, and disability-related criteria.

Potential impact

  • Provides a finite, targeted mechanism to assist homeowners facing delinquency, potentially reducing foreclosures.
  • Offers up to $3,000 per homeowner per year, which could help address past-due payments and stabilize mortgages for qualified families.
  • Expands OHFA’s role beyond traditional financing programs by incorporating a grant-based relief initiative.

Compiled from official sources — confirm details with the bill’s official record.

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