The Ohio Housing Finance Agency (OHFA) recently announced its new Grants for Grads Program—an incentive for Ohio college students to stay in the state upon graduation. According to an OHFA release, “This new program gives borrowers 2.5 percent of the purchase price of the home to help with down payment and closing costs.” The money doesn't have to be paid back if the recent grad stays in that location for at least 5years.
We are still scratching our heads wondering how they came up with the guidelines! I understand the "brain drain", however, if someone goes out of state and comes BACK to Ohio, wouldn't you think they should be qualified as well? My best learning experiences came from traveling outside the country and state. Bringing it home should be rewarded. Wonder why no one asked my opinion? :)
Take care, Susan
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