A task force studying Ohio police and community relations has narrowed down list of potential recommendations.
The number of U.S. households on the verge of losing their homes rose 7 percent from June to July in part because the foreclosure crisis continues to outpace government efforts to limit the damage. There seems to be an abundance of help at every turn, but are banks modifying loans as fast as they possibly can?
WOSU begins a new series – Facing the Mortgage Crisis. Over the next several weeks we’ll report on how the mortgage crisis is affecting Central Ohio and let you know how you can seek help if you or your neighbor faces foreclosure. The first report examines the foreclosure process and the benefits of getting help early.
Huntington Bank and Columbus Housing Partnership are coming together to help combat the foreclosure crisis in Central Ohio. WOSU’S Kim Fox reports, Huntington is devoting millions of dollars to the effort.
The foreclosure crisis is hitting Ohio in the worst way. But two local Realtors hope to educate the public by showing foreclosed properties to potential buyers with their Foreclosure Caravan Tours.
A pending Senate bill offers $300,000,000,000 in mortgage help to borrowers and lenders. The bill also allocates nearly $4,000,000,000 to rehabilitate homes in older neighborhoods. The Columbus Housing Partnership says it hopes to get some of that money.
The most recent figures on mortgage defaults and foreclosures in Ohio are alarming. Last October, for example, there were 17,000 filings, up 136 percent from the year before. That’s one filing for every 290 Ohio households. Now some homeowners are finding assistance from the non-profit Columbus Housing Partnership.
There’s good news on the housing front in Ohio. Prices in the Columbus and Cincinnati housing markets are said to be stable.
Estimates are there are between 100 and 300 people living on the streets or on the land in Columbus. The Community Shelter Board said it’s made progress in helping to place many of these people in permanent housing.
Between 2001 and 2003, records were set for housing starts in Central Ohio. But now the number of housing permits is declining, and quite drastically. And a local expert says spec homes built during the recent housing boon are partly to blame.
It’s been four years since the City of Columbus launched its downtown business plan. One of the goals is to encourage creation of 10,000 housing units by 2012. And according to city officials new housing is well underway.