Currently viewing the tag: "Housing"

More from the Columbus Dispatch on the Senate GOP’s raid of the Ohio Housing Trust Fund:

The proposed raid of $30 million from the Housing Trust Fund is already drawing criticism from House Democrats who say the move is unwise as Ohio faces the worst foreclosure crisis in state history.

The fund helps pay for homeless shelters, housing programs, housing projects and home repairs for seniors. The fund, generated from fees on the sale of houses, is expected to have about $35 million per year, which is already down from $53 million.

?This would be devastating,? said Bill […]

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So, the Columbus Dispatch, has more details on exactly how the Senate GOP would fill the gap with less than a full freeze of the final income tax cut:

Raids $30 million from the Housing Trust Fund Removing the requirement that schools provide all-day kindergarten starting next school year, and the requirement that they meet class size restrictions. Restoring $25 million this year and $35 million next year to private, chartered schools, most of which are Catholic. The schools were hit with significant cuts in the two-year budget. Creating a commission to study state functions that could be […]

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Sounds like business as usual to me:

Congress is on the hot seat to ease the home foreclosure crisis, but a bipartisan bill before the U.S. Senate this week doesn’t come close to doing the job.

The legislation provides little real help to the growing ranks of homeowners facing foreclosure. But it helps just about everybody else, giving generous tax breaks to home builders, lenders and buyers of foreclosed properties.

The so-called Foreclosure Prevention Act of 2008 does little to spur restructuring of troubled mortgages. Ironically, senators threw out the provision that consumer groups believe would do the […]

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