Strengthen community-based commercial revitalization efforts.
See Page 6 of the state budget as passed by the House: Minority Business Enterprise Loans for Community Development Corporations (DEV-64)
Prevent foreclosed and nuisance vacant properties from destabilizing communities.
Resources are available on the website of the National Vacant Properties Campaign
Restore vacant and foreclosed properties and vacant land to productive use by strengthening local land banks.
Provide greater support for affordable housing for future generations by lifting the cap on revenues
dedicatedto the Ohio Housing Trust Fund,
Increase support for asset-development through Individual Development Accounts
and micro-enterprise.
This amendment creates a micro-lending program within the Ohio Department of Development's direct loan programs specifically for small business enterprises.
It also authorizes the Director of Development to enter into agreements with for-profit and non-profit organizations to originate and administer the loans. Earmarks $1 million in each fiscal year from Fund 7037 appropriation item 195615, Facilities Establishment, for the micro-lending program.
See page 10 of the budget as passed by the Ohio House, Facilities Establishment Fund Micro-Lending Program (DEV-63)