Establishes the Save the Dream Ohio program to provide grants to Ohio homeowners for delinquent mortgage payments.

The Mortgage Stability Act creates the Save the Dream Ohio program within the Ohio Housing Finance Agency. This program offers grants to homeowners to cover delinquent mortgage payments. Homeowners are eligible if their adjusted gross income does not exceed $75,000 and they have lived in the housing for at least five years. A homeowner can receive multiple grants but is limited to $3,000 in total grants per calendar year. The Ohio Housing Finance Agency will establish rules to administer the grant program.

Establishes the Save the Dream Ohio program to provide grants to Ohio homeowners for delinquent mortgage payments.

The Mortgage Stability Act creates the Save the Dream Ohio program within the Ohio Housing Finance Agency. This program offers grants to homeowners to cover delinquent mortgage payments. Homeowners are eligible if their adjusted gross income does not exceed $75,000 and they have lived in the housing for at least five years. A homeowner can receive multiple grants but is limited to $3,000 in total grants per calendar year. The Ohio Housing Finance Agency will establish rules to administer the grant program.