HHF Ohio Date: October 8, 2019

SERVICE SCHEDULE B-1

Ohio Housing Finance Agency (OHFA) 

Rescue Payment Assistance Program 

Summary Guidelines

1. Program 

Overview

The Rescue Payment Assistance (RPA) program, part of Ohio’s Hardest Hit 

Fund (HHF), provides up to $25,000 to lenders/servicers or taxing authorities 

on behalf of eligible homeowners to bring current (i) delinquent mortgage 

payments, (ii) escrow shortages, (iii) corporate advances to third parties, and

(iv) delinquent property taxes.

Homeowners may receive assistance from one or more of Ohio’s HHF 

Programs, up to the total amount for which the homeowner qualifies.

2. Program Goals The goal of RPA is to prevent avoidable foreclosure and stabilize 

neighborhoods by helping delinquent homeowners who have experienced a 

qualifying hardship to achieve sustainable homeownership.

3. Target

Population/ 

Areas

The RPA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.

5. Borrower 

Eligibility 

Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of the 

area median income for a 5-person family from the county with the highest 

area median income in Ohio;

• Hardship, as identified by a hardship affidavit, which occurred on or after 

January 1, 2014 due to (i) a job loss resulting in eligibility for 

unemployment benefits, or (ii) other involuntary loss of income as set 

forth in Ohio’s HHF guidelines; and

• Monthly mortgage payment (PITIA) must be 45 percent or less of gross 

monthly income—or, if also applying for assistance on a subordinate lien 

through the Homeownership Retention Assistance program (HRA), 

combined monthly mortgage payment must be 48 percent or less of gross 

monthly income—or homeowner must qualify to receive at least six 

months of assistance under the Mortgage Payment Assistance program 

(MPA).

• Assistance on non-escrowed property taxes may only be provided in 

conjunction with other assistance on the homeowner’s mortgage loan 

under Rescue Payment Assistance or Mortgage Payment Assistance.

B-1-1
B-1-2

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to four-unit, owner-occupied primary residences 

located in Ohio, including condominium units. Manufactured homes are 

eligible only if titled as real estate. Land Contracts are not eligible.

The first mortgage debt on the property must be less than the highest FHA 

maximum loan amount among all Ohio counties.

7. Program 

Exclusions

The following are excluded from participating in this amendment to the RPA 

program:

• Homeowners participating in a trial modification;

• Homeowners in active bankruptcy; and

• Homeowners whose applications were submitted to OHFA’s underwriting 

team prior to August 1, 2014, except for those who were declined or who 

withdrew their application; these previously submitted homeowners may 

continue to receive assistance under Amendment Five to the HPA.

8. Structure of 

Assistance

Assistance will take the form of a non-recourse, non-amortizing, zero-percent 

interest, five-year loan secured by the property and repayable only from equity 

proceeds of a refinance or sale. The loan will be recorded as a subordinate 

lien.

Twenty percent of the loan balance will be forgiven each year on the 

anniversary of the closing, and any remaining balance will be forgiven on 

December 31, 2020. The terms for forgiveness of loans funded in Rounds 1-4 

will remain the same.

9. Per Household 

Assistance

Maximum program amount available per household: $25,000 

Estimated average assistance provided per household: $8,750

10. Duration of 

Assistance

RPA is provided in a lump sum payment to the homeowner’s lender/servicer.

11. Estimated 

Number of 

Participating 

Households

It is expected that the RPA program will assist 23,000 households.

12. Program 

Inception/ 

Duration

The RPA program began September 27, 2010. The program is expected to 

continue until December 31, 2020 or until funding is fully reserved, 

whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Homeowners who participate in two or more of Ohio’s HHF programs are 

subject to a maximum benefit amount of $35,000 per household; however, the 

maximum program amount a homeowner may receive under RPA shall not 

exceed $25,000.
B-1-3

14. Program 

Interactions 

with HAMP

Homeowners participating in a trial HAMP modification are not eligible.

15. Program 

Leverage with 

Other Financial 

Resources

OHFA strongly encourages lenders/servicers to waive late fees or any other 

expenses that are not paid to a third party.
B-2-1

SERVICE SCHEDULE B-2

Ohio Housing Finance Agency (OHFA) 

Mortgage Payment Assistance Program 

Summary Guidelines

1. Program 

Overview

The Mortgage Payment Assistance (MPA) program provides up to $25,000 to 

lenders/servicers on behalf of eligible unemployed and underemployed 

homeowners to make full mortgage payments to the lender servicer for up to 

eighteen (18) months or as long as the homeowner remains eligible for 

assistance. Homeowners will resume their regular payments at the end of the 

term approved in their Action Plan or three (3) months after achieving an 

affordable payment, whichever occurs first.

Up to $22,000 of MPA assistance will be available to eligible homeowners at 

the time of closing. Should the homeowner’s monthly mortgage payment 

increase after closing, the homeowner may access additional assistance up to 

the maximum program amount of $25,000.

Homeowners may receive assistance from one or more of Ohio’s HHF 

Programs, up to the total amount for which the homeowner qualifies.

2. Program Goals The goal of MPA is to prevent avoidable foreclosure and stabilize 

neighborhoods by helping unemployed and underemployed homeowners 

make on-time, monthly payments on their mortgages.

3. Target

Population/

Areas

The MPA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.

5. Borrower 

Eligibility 

Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of the 

area median for a 5-person family from the county with the highest area 

median in Ohio;

• Hardship, as identified by a hardship affidavit, which occurred on or after 

January 1, 2014, due to (i) a job loss resulting in eligibility for 

unemployment benefits, or (ii) other involuntary loss of income as set 

forth in Ohio’s HHF guidelines; and

• Monthly mortgage payment must be 20 percent or more for homeowners 

who have received or exhausted unemployment benefits.
B-2-2

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to four-unit, owner-occupied primary residences 

located in Ohio, including condominium units. Manufactured homes are 

eligible only if titled as real estate. Land Contracts are not eligible.

The first mortgage debt on the property must be less than the highest FHA 

maximum loan amount among all Ohio counties.

7. Program 

Exclusions

The following are excluded from participating in this amendment to the MPA 

program:

• Homeowners participating in a trial modification; and

• Homeowners in active bankruptcy; and

• Homeowners whose applications were submitted to OHFA’s underwriting 

team prior to August 1, 2014, except for those who were declined or who 

withdrew their application; these previously submitted homeowners may 

continue to receive assistance under Amendment Five to the HPA.

8. Structure of 

Assistance

Assistance will take the form of a non-recourse, non-amortizing, zero-percent 

interest, five-year loan secured by the property and repayable only from equity 

proceeds of a refinance or sale. The loan will be recorded as a subordinate 

lien.

Twenty percent of the loan balance will be forgiven each year on the 

anniversary of the closing, and any remaining balance will be forgiven on 

December 31, 2020.

9. Per Household 

Assistance

Maximum program amount available per household: $22,000 at closing,

$25,000 over term of assistance

Estimated average assistance provided per household: $12,000

10. Duration of 

Assistance

The maximum duration of MPA is nine (9) months.

Homeowners who become reemployed after receiving approval from Ohio’s 

HHF program underwriters, but before closing on their loan for assistance and 

whose mortgage payment is affordable as defined by Ohio’s HHF guidelines, 

may receive up to three months of MPA.

11. Estimated 

Number of 

Participating 

Households

It is expected that the MPA program will assist 17,000 households.

12. Program 

Inception/ 

Duration

The MPA program began January 1, 2012, and is expected to continue until 

December 31, 2020 or until funding is fully reserved, whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g.

Homeowners who participate in two or more of Ohio’s HHF programs are 

subject to a maximum benefit amount of $35,000 per household; however, the 

maximum program amount a homeowner may receive under MPA shall not 

exceed $25,000.
B-2-3

other HFA 

programs)

14. Program 

Interactions 

with HAMP

Homeowners participating in a trial HAMP modification are not eligible.

MPA may come before or after the Home Affordable Unemployment Program 

(UP) forbearance.

15. Program 

Leverage with 

Other Financial 

Resources

OHFA strongly encourages the lenders/servicers to waive late fees or any 

other expenses that are not paid to a third party.
B-3-1

SERVICE SCHEDULE B-3

Ohio Housing Finance Agency (OHFA) 

Modification with Contribution Assistance Program 

Summary Guidelines

1. Program 

Overview

The Modification with Contribution Assistance (MCA) program provides up 

to $35,000 to lenders/servicers on behalf of homeowners to facilitate a 

permanent affordable loan modification.

Allowable uses of the funds include:

• Delinquent mortgage payments;

• Principal & interest;

• Other property related ancillary expenses (property taxes, homeowner’s 

insurance, and association dues);

• Late fees;

• Inspection fees, attorney fees, and other third party fees;

• Escrow shortages and advances; and

• Principal reduction.

The modification achieved with MCA must result in a more affordable 

monthly payment, but that payment may not be less than 20 percent of the 

household gross monthly income. If the household gross income is equal to or

less than $20,000 per year, however, the modification achieved with MCA 

may result in a more affordable monthly payment that is less than 20 percent 

of gross household income.

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, 

which is developed by a housing counselor, except for HAMP-eligible 

modifications referred to OHFA by a participating lender/servicer.

Homeowners may receive assistance from one or more of Ohio’s HHF 

Programs, up to the total amount for which the homeowner qualifies.

2. Program Goals The goal of MCA is to prevent avoidable foreclosure and stabilize 

neighborhoods by helping homeowners who have experienced a qualifying 

hardship to achieve more affordable mortgage payments long term.

3. Target

Population/ 

Areas

The MCA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.
B-3-2

5. Borrower 

Eligibility 

Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of the 

area median for a 5-person family from the county with the highest area 

median in Ohio; and

• Hardship, as identified by a hardship affidavit, which occurred on or after 

January 1, 2007, due to involuntary loss or reduction in income or 

significant medical expenses; and

• Mortgage payment 20 percent or greater than household gross monthly 

income, unless the household gross income is equal to or less than $20,000 

per year.

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to four-unit owner-occupied primary residences 

located in Ohio, including condominium units. Manufactured homes are 

eligible only if titled as real estate. Land contracts are not eligible.

The first mortgage debt on the property must be less than the highest FHA 

maximum loan amount among all Ohio counties.

7. Program 

Exclusions

The following are excluded from participating in this amendment to the MCA 

program:

• Homeowners participating in a trial HAMP modification; and

• Homeowners in active bankruptcy;

• Homeowners whose applications were submitted to OHFA’s underwriting 

team prior to February 1, 2013, except for those who were declined; these 

previously submitted homeowners may continue to receive assistance 

under Amendment Five to the HPA; and

• Homeowners whose monthly mortgage payment would be less than 20 

percent of household gross income, except those homeowners whose 

household gross income is $20,000 or less per year.

8. Structure of 

Assistance

Unless MCA assistance is matched by an equal contribution by the 

lender/servicer, assistance will take the form of a non-recourse, nonamortizing, zero-percent interest, five-year loan secured by the property and 

repayable only from equity proceeds of a refinance or sale. The loan will be 

recorded as a subordinate lien.

Twenty percent of the loan balance will be forgiven each year on the 

anniversary of the closing, and any remaining balance will be forgiven on 

December 31, 2017.

9. Per Household 

Assistance

Maximum program amount available per household: $35,000. 

Estimated average assistance provided per household: $26,500

10. Duration of 

Assistance

MCA is provided in a lump sum payment to the homeowner’s lender/servicer.

11. Estimated 

Number of

It is expected that the MCA program will assist 1,300 households.
B-3-3

Participating 

Households

12. Program 

Inception/ 

Duration

The MCA program began January 1, 2012, and is expected to continue until 

December 31, 2017 or until funding is fully reserved, whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Homeowners who participate in two or more of Ohio’s HHF programs are 

subject to a maximum benefit amount of $35,000 per household.

14. Program 

Interactions 

with HAMP

Homeowners participating in a trial HAMP modification are not eligible.

This program may be used to help a homeowner obtain a Home Affordable 

Modification Program (HAMP) modification.

15. Program 

Leverage with 

Other Financial 

Resources

OHFA strongly encourages the lenders/servicers to waive late fees or any 

other expenses that are not paid to a third party.
B-4-1

SERVICE SCHEDULE B-4

Ohio Housing Finance Agency (OHFA) 

Lien Elimination Assistance

Summary Guidelines

1. Program 

Overview The Lien Elimination Assistance (LEA) program provides up to $25,000 to 

one or more lenders/servicers on behalf of eligible homeowners to extinguish 

a homeowner’s mortgage lien(s).

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, 

which is developed by a housing counselor. Homeowners may receive 

assistance from one or more of Ohio’s HHF Programs, up to the total amount 

for which the homeowner qualifies.

2. Program Goals The goal of LEA is to prevent avoidable foreclosure and stabilize 

neighborhoods by helping homeowners who have experienced a qualifying 

hardship to achieve a long-term, permanent, and affordable housing solution.

3. Target

Population/ 

Areas

The LEA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.

5. Borrower 

Eligibility 

Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of the 

area median for a 5-person family from the county with the highest area 

median in Ohio; and

• Hardship, as identified by a hardship affidavit, which occurred on or after 

January 1, 2007, due to involuntary loss or reduction in income or 

significant medical expenses.

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to four-unit, owner-occupied primary residences 

located in Ohio, including condominium units. Manufactured homes are 

eligible only if titled as real estate. Land contracts are not eligible.

The first mortgage debt on the property must be less than the highest FHA 

maximum loan amount among all Ohio counties.

7. Program 

Exclusions The following are excluded from participating in this amendment to the LEA 

program:

• Homeowners in active bankruptcy; and

• Homeowners whose applications were submitted to OHFA’s underwriting 

team prior to February 1, 2013, except for those who were declined; these 

previously submitted homeowners may continue to receive assistance 

under Amendment Five to the HPA.
B-4-2

8. Structure of 

Assistance Assistance will take the form of a non-recourse, non-amortizing, zero-percent 

interest, five-year loan secured by the property and repayable only from equity 

proceeds of a refinance or sale. The loan will be recorded as a subordinate 

lien.

Twenty percent of the loan balance will be forgiven each year on the 

anniversary of the closing, and any remaining balance will be forgiven on 

December 31, 2017.

9. Per Household 

Assistance Maximum program amount available per household: $25,000 

Estimated average assistance provided per household: $20,000

10. Duration of 

Assistance LEA is provided in a lump sum payment to the homeowner’s lender/servicer.

11. Estimated 

Number of 

Participating 

Households

It is expected that the LEA program will assist 1,150 households.

12. Program

Inception/ 

Duration

The program began January 1, 2012, and is expected to continue until 

December 31, 2017 or until funding is fully reserved, whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Homeowners who participate in two or more of Ohio’s HHF programs are 

subject to a maximum benefit amount of $35,000 per household; however, the 

maximum program amount a homeowner may receive under LEA shall not 

exceed $25,000.

14. Program 

Interactions 

with HAMP

Homeowners participating in a trial HAMP modification are not eligible.

15. Program 

Leverage with 

Other Financial 

Resources

Lenders/servicers must agree to fully extinguish the lien(s) and release 

homeowners from future obligations or judgments as part of the process of 

approving a homeowner for the LEA program.
B-5-1

SERVICE SCHEDULE B-5

Ohio Housing Finance Agency (OHFA) 

Transition Assistance Program 

Summary Guidelines

1. Program 

Overview

The Transition Assistance (TA) program provides up to:

• $5,000 to eligible homeowners with unaffordable mortgage payments who 

obtain a short sale or deed-in-lieu of foreclosure from their lender/servicer 

and leave their home in saleable condition; and

• $2,500 to lenders/servicers to extinguish and release subordinate liens as 

part of a short sale or deed-in-lieu of foreclosure agreement.

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, 

which is developed by a housing counselor. Homeowners may receive 

assistance from one or more of Ohio’s HHF Programs, up to the total amount 

for which the homeowner qualifies.

2. Program Goals The goal of TA is to prevent avoidable foreclosure and help stabilize 

neighborhoods by helping homeowners to achieve an orderly exit from their 

home.

3. Target

Population/ 

Areas

The TA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.

5. Borrower

Eligibility 

Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of the 

area median for a 5-person family from the county with the highest area 

median in Ohio; and

• Hardship, as identified by a hardship affidavit, which occurred on or after 

January 1, 2007, due to involuntary loss or reduction in income,significant 

medical expenses; or homeowners who must relocate for employment and 

meets the requirements of IRS Publication 521 which states “the new main 

job is at least 50 miles farther from former residence than old main job.” 

The new residence must be located in the United States of America, except 

for active duty military personnel.

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to-four unit, primary residences, as defined in Ohio’s 

HHF guidelines, located in Ohio, including condominium units. Manufactured 

homes are eligible only if titled as real estate. Land contracts are not eligible.
B-5-2

7. Program 

Exclusions

The following are excluded from participating in TA:

• Homeowners whose net proceeds from the sale of the home are sufficient 

to pay off the mortgage balance; and

• Homeowners in active bankruptcy.

8. Structure of 

Assistance

Assistance is provided in the form of a one-time payment to the borrower and 

incentives to the second lien holder(s) consisting of:

• A $5,000 payment to the borrower by Ohio Homeowner Assistance LLC 

(OHA); and

• A maximum of $2,500 to subordinate lienholder(s) who agree to

extinguish fully any subordinate lien(s).

9. Per Household 

Assistance

Maximum program amount available per household: $7,500 

Estimated average assistance provided per homeowner: $5,000

10. Duration of 

Assistance

TA is provided in a lump sum payment to the homeowner, and, if applicable, 

the homeowner’s lender/servicer and any secondary lienholder(s).

11. Estimated 

Number of 

Participating 

Households

It is expected that the TA program will assist 63 households.

12. Program 

Inception/ 

Duration

The program began September 27, 2010, and is expected to continue until 

December 31, 2017 or until funding is fully reserved, whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Homeowners who participate in two or more of Ohio’s HHF programs are 

subject to a maximum benefit amount of $35,000 per household; however, the 

maximum program amount a homeowner may receive for TA shall not exceed

$7,500.

TA may not be combined with Homeowner Retention Assistance (HRA).

14. Program

Interactions 

with HAMP

HAFA may be combined with any element of the TA program.

15. Program 

Leverage with 

Other Financial 

Resources

Lenders/servicers must agree to release homeowners from future obligations 

or judgments as part of the process of approving a short sale, cash for keys, or 

deed-in-lieu agreement. First and second mortgage holders must accept less 

than full payoff.
B-6-1

SERVICE SCHEDULE B-6

Ohio Housing Finance Agency (OHFA) 

Homeownership Retention Assistance 

Summary Guidelines

1. Program 

Overview The Homeownership Retention Assistance (HRA) program provides up to

$25,000 to lenders/servicers, taxing authorities, and associations, on behalf of 

eligible homeowners to extinguish or reinstate a homeowner’s subordinate 

mortgage lien(s) or cover ancillary property-related expenses as described 

below:

Allowable uses of the funds include:

• Property-related ancillary expenses (i.e., non-escrowed property taxes or 

homeowners or condominium association charges); and

• With respect to subordinate mortgage liens only:

• Delinquent mortgage payments;

• Principal & interest;

• Escrow shortages and advances;

• Late fees;

• Inspection fees, attorney fees, and other third party fees;

• Lien extinguishment; and

• Principal reduction.

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, 

which is developed by a housing counselor. Homeowners may receive 

assistance from one or more of Ohio’s HHF Programs, up to the total amount 

for which the homeowner qualifies.

2. Program Goals The goal of HRA is to prevent avoidable foreclosure and stabilize 

neighborhoods by helping homeowners who have experienced a qualifying 

hardship to achieve a long-term and affordable housing solution.

3. Target

Population/ 

Areas

The HRA program is available to Ohioans who have experienced a qualifying 

hardship.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any program included 

in Schedule B.

5. Borrower 

Eligibility 

Criteria

• The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 percent of 

the area median for a 5-person family from the county with the highest 

area median in Ohio; and

• Hardship, as identified by a hardship affidavit, as identified by a 

hardship affidavit, which occurred on or after January 1, 2007, due to 

involuntary loss or reduction in income or significant medical 

expenses.
B-6-2

When HRA is used to reinstate delinquent property taxes or homeowners or 

condominium association charges, the homeowner also must meet the 

following criterion:

• Monthly mortgage payment (PITIA) must be 38 percent or less of 

gross monthly income or homeowner must qualify to receive at least 

six months of assistance under the Mortgage Payment Assistance 

program (MPA).

When HRA is used to eliminate or reinstate a subordinate lien, the 

homeowner must also meet the following criterion:

• Homeowner must be current or brought current with RPA on all liens 

with a higher position; and

• Combined monthly mortgage payment PITIA on first and any 

subordinate lien(s) for which the homeowner seeks assistance must be 

48 percent or less of gross monthly income or homeowner must 

qualify to receive at least six months of assistance under the Mortgage 

Payment Assistance program (MPA).

6. Property/Loan 

Eligibility 

Criteria

Properties must be one- to-four unit, owner-occupied primary residences 

located in Ohio, including condominium units. Manufactured homes are 

eligible only if titled as real estate. Land contracts are not eligible.

The first mortgage debt on the property must be less than the highest FHA 

maximum loan amount among all Ohio counties.

7. Program 

Exclusions The following are excluded from participating in HRA:

• Homeowners participating in a trial modification on their subordinate lien;

• Homeowners in active bankruptcy; and

• Homeowners whose applications were submitted to OHFA’s underwriting 

team prior to February 1, 2013, except for those who were declined; these 

previously submitted homeowners may continue to receive assistance 

under Amendment Five to the HPA.

8. Structure of 

Assistance

Assistance will take the form of a non-recourse, non-amortizing, zero-percent 

interest, five-year loan secured by the property and repayable only from equity 

proceeds of a refinance or sale. The loan will be recorded as a subordinate 

lien.

Twenty percent of the loan balance will be forgiven each year on the 

anniversary of the closing, and any remaining balance will be forgiven on 

December 31, 2017.

9. Per Household 

Assistance Maximum amount available per homeowner: $25,000 

Estimated average assistance provided per homeowner: $6,500

10. Duration of 

Assistance HRA is provided in a lump sum payment to the homeowner’s lender/servicer, 

taxing authority, and/or other entity.
B-6-3

11. Estimated 

Number of 

Participating

Households

It is expected that the HRA program will assist 1,738 households.

12. Program 

Inception/ 

Duration

This program will become effective on February 1, 2013 and is expected to 

continue until December 31, 2017 or until funding is fully reserved, 

whichever comes first.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Homeowners who participate in two or more of Ohio’s HHF programs are

subject to a maximum benefit amount of $35,000 per household; however, the 

maximum program amount a homeowner may receive under HRA shall not 

exceed $25,000.

HRA may not be combined with TA.

14. Program 

Interactions 

with HAMP

Homeowners participating in a trial HAMP modification on the subordinate 

lien are not eligible.

15. Program 

Leverage with 

Other Financial 

Resources

OHFA strongly encourages lenders/servicers, taxing authorities, and other 

payees to waive late fees or any other expenses that are not paid to a third 

party. For subordinate lien extinguishments Lenders/servicers must agree to 

release homeowners from future obligations or judgments as part of the 

process and fully extinguish the lien(s).
SERVICE SCHEDULE B-7

Ohio Housing Finance Agency (OHFA) 

Homeowner Stabilization Assistance Program

Summary Guidelines

1. Program 

Overview

Under the Homeowner Stabilization Assistance (HSA) program, 

HHF will be provided to eligible borrowers through qualified nonprofit entities (“Investment Partners”) that leverage HHF with 

private capital to purchase delinquent mortgage loans at a discount 

through the U.S. Department of Housing and Urban Development 

(HUD) Federal Housing Agency (FHA) Distressed Asset 

Stabilization Program (DASP) Neighborhood Stabilization Outcome 

(NSO) sub-pool auction sales. Investment Partners must be eligible 

to participate as a qualified FHA DASP-NSO bidder in Ohio.

HHF will be used to leverage the purchase of loans within the FHA 

DASP-NSO offering, and will be applied to Program Eligible 

Outcomes.

2. Program Goals The Homeowner Stabilization Assistance (HSA) program aims to 

keep families in their homes or provide families with support for an 

orderly property disposition and transition to new housing, which 

will help stabilize neighborhoods and housing markets.

3. Target Population/ 

Areas

The target population is owner occupants of properties that are 

included in an NSO loan pool under HUD’s DASP.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any 

program included in Schedule B.

5. Borrower 

Eligibility Criteria

The homeowner must meet the following criteria:

• Current gross household income equal to or less than 125 

percent of the area median for a 5-person family from the 

county with the highest area median in Ohio;

• Hardship due to involuntary loss or reduction in income, 

significant medical expenses, or unpaid mortgage balance 

significantly in excess of market value.

6. Property/Loan 

Eligibility Criteria

Properties must be single family detached one or two-unit owneroccupied residences located in Ohio.

Must be first mortgage debt on the property and such debt must be 

less than the highest FHA maximum loan amount among all Ohio 

counties.

B-7-1
B-7-2

7. Program 

Exclusions

The following are excluded from participating in HSA:

• Homeowners who previously received assistance from Ohio’s 

HHF program, or

 Any properties purchased through the FHA DASP-NSO program 

that do not meet the criteria for homeowner eligibility or property 

eligibility as described in sections 5 and 6 herein, or

 Any properties purchased through the FHA DASP-NSO program 

that result in a foreclosure, except when a foreclosure follows a 

program eligible outcome by an eligible homeowner with an 

eligible property.

8. Structure of 

Assistance

OHFA will execute an agreement with the Investment Partner to 

provide HSA funds up to a maximum of $35,000 per eligible loan, 

acquired from FHA DASP-NSO at closing.

The Investment Partner will complete transfer of servicing and 

determine if the homeowner and property qualify for a Program 

Eligible Outcome within 180 days of (i) purchasing and servicing 

transfer of an eligible loan or (ii) investment with respect to a reeligible loan. The Investment Partner will provide contact outreach 

with the homeowner for 12 months after commencement of a 

Program Eligible Outcome.

If, after acquiring the loans, Investment Partner determines a 

Program Exclusion applies, then the Investment Partner will deposit 

funds in an escrow account from which funds may be released only 

to purchase other loans (“Replacement Loans”) which satisfy a 

Program Eligible Outcome within 18 months, or to repay the HHF. 

If an eligible or re-eligible loan does not result in a Program Eligible 

Outcome within 18 months, the HHF funds shall be repaid to HHF, 

unless OHFA provides written approval to place the funds in escrow 

until another Replacement Loan is acquired.

When the Program Eligible Outcome is either a first Loan 

Modification or Lien Elimination, a portion of the assistance 

representing the difference between the current market value of the 

property and the permanently modified loan amount will take the 

form of a non-recourse, non-amortizing, zero-percent interest, five 

year loan secured by the property and repayable only from equity 

proceeds of a refinance or sale. The loan will be recorded as a first 

or subordinate lien. Twenty percent of the loan balance will be 

forgiven each year on the anniversary of the closing, and any 

remaining balance will be forgiven on December 31, 2017.

When the Program Eligible Outcome is a short sale or deed-in-lieu 

of foreclosure, the Investment Partner will repay HHF $1,000. If the 

amount of HHF funds used to purchase the note is greater than the 

total of the amount of principal forgiveness and transition assistance 

received by the homeowner plus the allowable cost of the
B-7-3

transaction, the Investment Partner will deposit the difference in 

escrow. Funds may be released from escrow to purchase additional 

eligible loans or to repay HHF at the end of the program.

Program Eligible Outcomes Include:

• Modifications offered to and accepted by eligible homeowners 

with eligible properties; such modifications shall include 

principal reduction and forgiveness and result in a mortgage debt 

to income ratio of not greater than thirty-one percent of the gross 

household income, or

• Loan extinguishments without any deficiency judgment, or

• Short Sales to third party homeowner occupants offered to and 

accepted by eligible borrowers with eligible properties. Such 

Short Sales shall include extinguishment of the unpaid loan 

balance, waiver of deficiency judgment and borrower transition 

assistance, or

• Deeds in Lieu of Foreclosure offered to and accepted by eligible 

homeowners with eligible properties. Such Deeds in Lieu shall 

include extinguishment of the unpaid loan balance, waiver of 

deficiency judgment, and borrower transition assistance.

9. Per Household 

Assistance

The maximum program amount available per homeowner is $35,000.

10. Duration of 

Assistance

HHF funds will be provided in a lump sum payment to the purchase of

qualified loans within the FHA DASP-NSO offering, and will be 

applied to Program Eligible Outcomes for homeowners.

11. Estimated Number o 

Participating 

Households

It is expected that the HSA program will assist approximately 450 

households.

12. Program Inception/

Duration

The HSA program will begin upon the earlier of April 1, 2013 and the 

Seventh Amendment Date. The program is expected to continue until 

December 31, 2015 or until funding is fully reserved, whichever comes 

first.

13. Program 

Interactions with 

Other Programs (e.g 

other HFA 

programs)

Homeowners who participate in HSA will not be eligible to participate 

in other HHF programs.

14. Program 

Interactions with 

HAMP

Homeowners who have previously participated in HAMP are eligible 

for HSA.
B-7-4

15. Program Leverage 

with Other Financial 

Resources

Investment Partner shall utilize private capital on a pool basis, in 

addition to all HHF funds it is eligible to utilize on a per loan basis.
B-8-1

SERVICE SCHEDULE B-8

Ohio Housing Finance Agency (OHFA) 

Neighborhood Initiative Program (NIP) 

Summary Guidelines

1. Program 

Overview

The Neighborhood Initiative Program (NIP) will fund 

strategically targeted residential demolition in designated areas 

within the state of Ohio by partnering with Land Banks or an 

entity that has signed a cooperative agreement with the Land 

Bank (together “Partners”).

2. Program Goals The goal of the Neighborhood Initiative Program (NIP) is to 

stabilize property values by removing and greening vacant and 

abandoned properties in targeted areas in an effort to prevent 

future foreclosures for existing homeowners.

3. Target

Population/ 

Areas

NIP will be offered to counties that have a Land Bank 

established per Section 1724 of the Ohio Revised Code. 

Demolition activity will be limited to targeted areas defined by 

the Partners and approved by OHFA that are part of a 

comprehensive local strategy to stabilize home values and 

prevent foreclosure in the county. OHFA guidelines will ensure 

that demolition and greening will have a positive effect on 

preserving existing neighborhoods.

4. Program Funds 

(Excluding 

Administrative 

Expenses)

Not applicable. Program Funds may be disbursed under any 

program included in Schedule B.

5. Property/Loan 

Eligibility 

Criteria

Only vacant and abandoned residential properties (including 

single-family and multi-family), that qualify for lawful 

demolition under state or federal law and are approved under 

OHFA’s guidelines will qualify for this program.

For any requests submitted on or after January 15, 2016, 

properties must

not be legally occupied at the time of any review or approval by 

the

HFA or eligible entity (as applicable) for blight elimination 

activity.

6. Ownership/Loan 

Eligibility 

Criteria

Properties must be owned by the Partner. Properties must have 

a loan that can be modified or extinguished.
B-8-2

7. Program 

Exclusions

• Commercial structures

• Properties listed on a state or national historic register.

8. Structure of 

Assistance

OHFA will issue a Request for Proposals from the Land Banks 

and will execute agreements with Partners selected to 

participate in the program. Each Partner will be responsible for 

property acquisition (if applicable), environmental assessment 

and remediation, demolition, greening and ongoing maintenance 

of properties.

NIP will provide up to $75,000 of Hardest Hit Funds for each 

qualified property, to reimburse the Partner for eligible 

acquisition, demolition, remediation, greening, maintenance and 

administrative expenses with respect to that property. OHFA 

will approve payment to the Partner upon receipt and review of 

documentation of eligible expenses.

The Partner will execute legal documentation to evidence a nonrecourse, non-amortizing, zero percent interest loan secured by 

the property for a term of three years after which it will be 

forgiven as long as covenants are met; outstanding balance of 

loan will be due on sale, transfer, or unauthorized use of the 

property. Mortgage will be in favor of Ohio Homeowner 

Assistance LLC (OHA) and recorded through public records.

Ongoing monitoring, repayments, and discharges will be 

conducted by OHFA/OHA. Any repayment of program funds 

will be re-invested back into program allocation in accordance 

with the Agreement. Special considerations may be made by 

OHFA/OHA to release lien prior to the three year term based on 

merit of request and to promote positive economic impact to 

community as set forth in program guidelines.

9. Per Property 

Assistance

The maximum amount of assistance will be $75,000 per 

property which includes acquisition (if applicable), payoff of 

existing loan, approved demolition, remediation and greening of 

the site, maintenance and administration for up to three years.

Properties that are 1-4 units in size are eligible for a maximum 

reimbursement amount of $25,000 per property.

Properties that have 5 or more units are eligible for a maximum 

reimbursement amount of $75,000 per property.

10. Duration of 

Assistance

All assistance will be provided in one payment per property.

11. Estimated 

Number of

Although the maximum amount of assistance is $75,000 per 

property, the estimated average amount of assistance is $13,500.
B-8-3

Properties 

Demolished

Therefore the estimated total number of units demolished is 

17,970.

12. Program 

Inception/ 

Duration

Contracts with Partners will be effective on or after January 1, 

2014 and will expire no later than December 31, 2021.

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs)

Properties previously assisted under the Hardest Hit Fund 

program will not be eligible.

14. Program 

Interactions 

with HAMP

None.

15. Program 

Leverage with 

Other Financial 

Resources

No match will be required of Partners, so there is no direct 

leveraging, but it is expected that other public and private 

investment will be made in the target areas.

As of October 2016, land banks may apply for a line of credit 

through OHFA.
C-1

HHF Ohio Date: October 8, 2019

SCHEDULE C

PERMITTED EXPENSES

Ohio

One-time / Start-Up Expenses:

Initial Personnel $4,928.20

Building, Equipment, Technology $511,005.61

Professional Services $29,504.75

Supplies / Miscellaneous $24.47

Marketing /Communications $24,943.07

Travel $3,819.96

Website development /Translation $0.00

Contingency $53,873.56

Subtotal $628,099.62

Operating / Administrative 

Expenses:

Salaries $14,602,113.28

Professional Services (Legal, 

Compliance, Audit, Monitoring)

$4,224,522.97

Travel $81,496.84

Buildings, Leases & Equipment $1,621,735.47

Information Technology &

Communications

$4,067,534.45

Office Supplies/Postage and

Delivery/Subscriptions

$165,585.21

Risk Management/ Insurance $766.64

Training $96,960.63

Marketing/PR $1,916,790.76

Miscellaneous $2,110.01

Subtotal $26,779,616.26

Transaction Related Expenses:

Recording Fees $2,830,431.00

Wire Transfer Fees $347,583.35

Counseling Expenses

File Intake $0.00

Decision Costs $0.00

Successful File $26,027,565.60

Key Business Partners On-Going $4,356,858.44

Subtotal $33,562,438.39

Grand Total $60,970,154.27
C-2

% of Total Award 7.99%

Award Amount $762,791,540.00