Ohio SB208 mandates that real property and manufactured home transfer taxes be allocated for housing purposes.
Ohio SB208 amends the Revised Code to require that funds collected from real property and manufactured home transfer taxes be deposited into a county housing fund. This fund can be used for low-income housing, first-time home buyer assistance, disability housing, and transition housing. The bill also specifies the process for levying these taxes, including public hearings and referendums.
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