Posts from June 13th, 2024
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13
Ohio Homebuyer Plus: A New Initiative to Make Homeownership More Affordable in Ohio
Ohio Homebuyer Plus is a new initiative designed to make homeownership more achievable for residents of Ohio. Introduced by the Ohio Treasurer's office in collaboration with Governor Mike DeWine's administration, Ohio Homebuyer Plus leverages the financial strength of the state to provide specialized, tax-advantaged savings accounts for aspiring homebuyers. Basically, the account helps your money grow faster so you can save more money for the purchase of a home.
These accounts offer above-market interest rates and potential Ohio state income tax deductions, making them a potentially smart choice for someone looking to save for a down payment or closing costs on a home purchase.
So, how does it work? Let's break it down:
Eligibility Requirements: