reglab/housing_qa huggingface dataset:
Ohio Rev Code § 174.01 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 174 | Ohio Housing Trust Fund|Section 174.01 | Definitions.

Effective: September 30, 2021|Latest Legislation:  House Bill 110 - 134th General Assembly|As used in this chapter: (A) "Financial assistance" means grants, loans, loan guarantees, an equity position in a project, or loan subsidies. (B) "Grant" means funding the department of development or the Ohio housing finance agency provides for which the relevant agency does not require repayment. (C) "Housing" means housing for owner-occupancy and multifamily rental housing. (D) "Housing for owner-occupancy" means housing that is intended for occupancy by an owner as a principal residence. "Housing for owner-occupancy" may be any type of structure and may be owned in any type of ownership. (E) "Housing trust fund" means the low- and moderate-income housing trust fund created and administered pursuant to Chapter 174. of the Revised Code. (F) "Lending institution" means any financial institution qualified to conduct business in this state, a subsidiary corporation that is wholly owned by a financial institution qualified to conduct business in this state, and a mortgage lender whose regular business is originating, servicing, or brokering real estate loans and who is qualified to do business in this state. (G) "Loan" means any extension of credit or other form of financing or indebtedness directly or indirectly to a borrower with the expectation that it will be repaid in accordance with the terms of the underlying loan agreement or other pertinent document. "Loan" includes financing extended to lending institutions and indebtedness purchased from lending institutions. (H) "Loan guarantee" means any agreement in favor of a lending institution or other lender in which the credit and resources of the housing trust fund are pledged to secure the payment or collection of financing extended to a borrower for the acquisition, construction, improvement, rehabilitation or preservation of housing, or to refinance any financing previously extended for those purposes by any lender. (I) "Loan subsidy" means any deposit of funds into a lending institution with the authorization or direction that the income or revenues the deposit earns, or could have earned at competitive rates, be applied directly or indirectly to the benefit of housing assistance or financial assistance. (J) "Low- and moderate-income persons" means individuals and families who qualify as low- and moderate-income persons pursuant to guidelines the department establishes. (K) "Multifamily rental housing" means multiple unit housing intended for rental occupancy. (L) "Nonprofit organization" means a nonprofit organization in good standing and qualified to conduct business in this state including any corporation whose members are members of a metropolitan housing authority. Last updated August 5, 2021 at 1:49 PM
Ohio Rev Code § 174.04 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 174 | Ohio Housing Trust Fund|Section 174.04 | Annual Determination of Median Income for Families and Individuals in Each County.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) The department of development shall make an annual determination of the median income for persons in each county.(B) The director of development shall determine appropriate income limits for identifying or classifying low- and moderate-income persons for the purposes of sections 174.01 to 174.07 of the Revised Code. In making the determination, the director shall take into consideration the amount of income available for housing, family size, the cost and condition of available housing, ability to pay the amounts the private market charges for decent, safe, and sanitary housing without federal subsidy or state assistance, and the income eligibility standards of federal programs. Income limits may vary from area to area within the state.
Ohio Rev Code § 174.05 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 174 | Ohio Housing Trust Fund|Section 174.05 | Reporting to General Assembly.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) Annually, the department of development shall submit a report to the president of the senate and the speaker of the house of representatives describing the activities of the department under sections 174.01 to 174.07 of the Revised Code during the previous state fiscal year.(B) Annually, the Ohio housing finance agency shall submit a report to the president of the senate and the speaker of the house of representatives describing the activities of the agency under sections 174.02, 174.03, and 174.05 of the Revised Code during the previous state fiscal year.
Ohio Rev Code § 174.06 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 174 | Ohio Housing Trust Fund|Section 174.06 | Housing Trust Fund Advisory Committee.

Effective: December 19, 2016|Latest Legislation:  House Bill 471 - 131st General Assembly|(A) There is hereby created the housing trust fund advisory committee. The committee consists of the following seven members, appointed by the governor, with advice and consent of the Senate, who possess knowledge and experience with respect to the housing needs of low- and moderate-income persons:(1) One member to represent lenders;(2) One member to represent affordable housing developers;(3) One member to represent organizations working to address the housing and other needs of homeless Ohioans;(4) Two members to represent counties or other local government entities;(5) One member to represent real estate brokers licensed under Chapter 4735. of the Revised Code.(6) A county recorder.(B)(1) Terms of office are for four years, with each term ending on the same day of the same month as did the term that it succeeds. Each member shall hold office from the date of appointment until the end of the term for which the member was appointed. Vacancies shall be filled in the manner prescribed for the original appointment. A member appointed to fill a vacancy occurring prior to the expiration of a term shall hold office for the remainder of that term. A member shall continue in office subsequent to the expiration of a term until a successor takes office or until a period of sixty days has elapsed, whichever occurs first.(2) The governor may remove a member for misfeasance, malfeasance, or willful neglect of duty.(C)(1) The committee shall select a chairperson from among its members. The committee shall meet at least once each calendar year and upon the call of the chair. Members of the committee serve without compensation, but shall be reimbursed for reasonable and necessary expenses incurred in the discharge of duties.(2) The department of development shall provide the committee with a meeting place, supplies, and staff assistance as the committee requests.(D) The committee shall assist the department and the Ohio housing finance agency in defining housing needs and priorities, recommend to the department and agency at least annually how the programs developed under section 174.02 of the Revised Code should be designed to most effectively benefit low- and moderate-income persons, consider an allocation of funds for projects of fifteen units or less, and advise the director of development on whether and how to reallocate money in the low- and moderate-income housing trust fund under division (B) of section 174.02 of the Revised Code.
Ohio Rev Code § 174.07 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 174 | Ohio Housing Trust Fund|Section 174.07 | Approval of Controlling Board.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|The department of development, on its own and on the behalf of the Ohio housing finance agency and the Ohio department of aging, shall obtain controlling board approval prior to making any grant, loan, loan guarantee, or loan subsidy greater than fifty thousand dollars from or allocated from the low- and moderate-income housing trust fund.
Ohio Rev Code § 175.02 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.02 | Housing Finance Agency Created - Mission.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) There is hereby created the Ohio housing finance agency, a body corporate and politic, performing essential governmental functions of the state. The mission of the agency includes but is not limited to assisting with the financing, refinancing, production, development, and preservation of safe, decent, and affordable housing for occupancy by low- and moderate-income persons; provision of rental assistance and housing services for low- and moderateincome persons; allocating all state and federal funds in accordance with applicable state and federal laws, including Section 42 of the Internal Revenue Code; and promoting community development, economic stability, and growth within Ohio. To accomplish this mission, the agency shall work with persons eligible for its programs, nonprofit organizations and for-profit housing development entities, public entities, and lending institutions. The agency may review conformity with its programs and monitor a recipient's use of funds it provides to assure compliance.(B) It is hereby declared to be the public purpose of this state to improve and promote the public health, safety, convenience, welfare, and prosperity of the people of the state by the production and preservation of housing in accordance with applicable state and federal laws.
Ohio Rev Code § 175.051 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.051 | Housing Finance Agency Personal Services Fund.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|There is hereby created in the state treasury the housing finance agency personal services fund. The fund shall consist of moneys within the control of the Ohio housing finance agency that the agency, or the treasurer of state on behalf of the agency, periodically deposits into the state treasury to the credit of the fund in order to pay the compensation of the employees of the agency. Amounts credited to the fund shall be used by the agency to pay the compensation of the employees of the agency.
Ohio Rev Code § 175.052 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.052 | Preference to Grants or Loans for Activities That Provide Housing and Housing Assistance to Honorably Discharged Veterans.

Effective: October 16, 2009|Latest Legislation:  House Bill 1 - 128th General Assembly|The Ohio housing finance agency, in providing homeownership program assistance, shall give preference to grants or loans for activities that provide housing and housing assistance to honorably discharged veterans.
Ohio Rev Code § 175.053 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.053 | Duties of Executive Director.

Effective: September 15, 2014|Latest Legislation:  House Bill 483 - 130th General Assembly|The executive director employed by the agency pursuant to division (A)(2) of section 175.05 of the Revised Code shall do all of the following: (A) File financial disclosure statements as described in section 102.02 of the Revised Code;(B) Ensure policies and procedures are developed and maintained for the operation and administration of the agency's programs and activities that encourage competition and minimize concentration. Policies and procedures shall address all applicable requirements described in the Revised Code and federal regulations.(C) Provide an update, during the testimony described in division (H)(2) of section 175.04 of the Revised Code, on any audits performed during the fiscal year.
Ohio Rev Code § 175.09 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.09 | Securing Bonds.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A)(1) At the discretion of the Ohio housing finance agency, bonds issued pursuant to this chapter may be secured by a trust agreement between the agency and a corporate trustee, which may be any trust company or financial institution that has the powers of a trust company and is qualified to exercise those trust powers within this state. A trust agreement may pledge or assign the agency's revenues and security interests the agency holds or is to receive. Any trust agreement or resolution that provides for the issuance of bonds may contain reasonable and proper provisions that protect and enforce the rights and remedies of the bondholders and do not violate any law or covenant that sets forth the agency's duties in relation to fees, interest, or other charges imposed for loans the agency makes or purchases, services the agency renders, and the custody, safekeeping, and application of moneys. (2) Any financial institution or trust company that acts as a depository of the proceeds of bonds, revenues, or reserve funds may furnish indemnifying bonds or pledge securities that the agency requires. The trust agreement may set forth the rights and remedies of the bondholders and the trustee and may restrict the individual right of action by bondholders as is customary in trust agreements or trust indentures securing similar bonds.(3) A trust agreement may contain provisions the agency considers reasonable and proper for the security of the bondholders, including any provision that may be contained in a resolution under this section, with that provision having the same effect as if it were in a resolution.(B) Any holder of bonds and the trustee under any trust agreement executed pursuant to division (A) of this section, except to the extent to which the resolution or trust agreement restricts rights, may by suit, action, mandamus, or other proceedings protect and enforce any rights under the laws of this state granted under the trust agreement or included in the resolution that authorizes the issuance of the bonds, and may enforce and compel the performance of all duties required by this chapter, the trust agreement, and the resolution to be performed by the agency or any agency officer, including establishing, charging, and collecting fees, interest, or other charges.(C) Moneys in the agency's trust estates may be invested as provided in any resolution that authorizes the issuance of its bonds or in any trust agreement that secures those bonds. Income from investments shall be credited to funds as the agency determines, subject to the provisions of any resolution or trust agreement, and investments may be sold at times that the agency determines.
Ohio Rev Code § 175.10 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.10 | Bonds Are Lawful Investments.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) All bonds issued under this chapter are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of sinking and bond retirement or other special funds of political subdivisions and taxing districts of this state, the treasurer of state, the administrator of workers' compensation, the state teachers retirement system, the public employees retirement system, the school employees retirement system, and the Ohio police and fire pension fund, notwithstanding any other provision of the Revised Code or rules adopted by any governmental agency of this state with respect to investments, and are acceptable as security for the deposit of public moneys.(B) The exercise of the powers this chapter grants is in all respects for the benefit of the people of the state, for the improvement of their health, safety, convenience, and economic welfare, and for the enhancement of the opportunities for safe and sanitary housing and is a public purpose.(C) The programs undertaken by the Ohio housing finance agency constitute the performance of essential public functions, and the bonds issued under this chapter, their transfer, and income from those bonds, including any profit made on their sale, is at all times free from taxation within this state.
Ohio Rev Code § 175.11 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.11 | Housing Development Fund.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) There is hereby created the housing development fund, which shall be in the custody of the treasurer of state but shall not be part of the state treasury. The fund shall consist of all grants, gifts, loan repayments, and contributions of money made from any source to the Ohio housing finance agency for deposit into the fund in addition to amounts loaned to the agency pursuant to section 169.05 of the Revised Code. The agency shall administer the fund. The agency may request funds as needed pursuant to section 169.05 of the Revised Code to fund loans, loan guarantees, and loan subsidies. The agency may request funds for a loan guarantee only to satisfy a mortgage guarantee that is in default.(B) The agency shall use moneys in the housing development fund solely for the purposes this chapter authorizes and at no time shall the fund be considered a part of the public moneys or subject to Chapters 131. and 135. of the Revised Code.
Ohio Rev Code § 175.12 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.12 | Liberal Construction of Chapter - Public Records Law - Interagency Cooperation.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes and the purposes of Section 14, of Article VIII and Section 16, Article VIII, Ohio Constitution.(B) The following are not public records subject to section 149.43 of the Revised Code:(1) Financial statements and data submitted for any purpose to the Ohio housing finance agency or the controlling board by any person in connection with applying for, receiving, or accounting for financial assistance the agency provides;(2) Information that identifies any individual who benefits directly or indirectly from financial assistance the agency provides.(C)(1) The agencies of this state shall cooperate fully with the Ohio housing finance agency and shall provide information the Ohio housing finance agency determines is necessary or helpful for its operation.(2) The Ohio housing finance agency may arrange with and enter into contracts with other entities to perform functions this chapter authorizes the agency to perform and compensate those entities for performing those functions.(3) The agency may enter into contracts with state entities as described in this chapter.(D) Any state agency that provides supplies, equipment, or services directly related to the mission of the Ohio housing finance agency as described in section 175.02 of the Revised Code may enter into an agreement with the Ohio housing finance agency to furnish those supplies, equipment, or services pursuant to terms both agencies agree upon for remuneration to the state agency.(E) The Ohio housing finance agency is exempt from the requirements of Chapters 123. and 125. and sections 127.16 and 5147.07 of the Revised Code.
Ohio Rev Code § 175.13 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.13 | Enforcement of Agreement With Bondholders - Tax-Exempt Status of Bonds.

Effective: July 1, 2005|Latest Legislation:  House Bill 431 - 125th General Assembly|(A) Any agreement the Ohio housing finance agency enters into with bondholders is a contract that the agency shall enforce and no action of the general assembly or any state agency may limit or alter the terms of that agreement or the authority of the agency or its successors to fulfill the terms of that agreement. No state agency may impair any right or remedy of the holders of bonds until the agency has fully met and discharged its bond obligations, together with interest, interest on any unpaid installments of interest, and costs and expenses related to any bondholder action or proceeding. The agency may include in any bond agreement a statement that sets forth the agency's authority to enforce agreements pursuant to this section.(B) Bonds the agency issues are at all times bonds of the state, subject to this chapter. The agency and officers of the state may do all things necessary so that the interest on bonds the agency intends to be exempt from federal taxation remains exempt from federal income taxation. Any error or failure in efforts to assure tax exemption does not affect the validity of the bonds.
Ohio Rev Code § 175.14 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.14 | Inclusion of Reduction of Infant Mortality as Priority Housing Need in Annual Plan.

Effective: April 6, 2017|Latest Legislation:  Senate Bill 332 - 131st General Assembly|( A) The Ohio housing finance agency shall include reducing infant mortality as a priority housing need in the agency's annual plan under section 175.04 of the Revised Code. (B) The Ohio housing finance agency may establish a housing assistance pilot program to expand housing opportunities for extremely low-income households that include pregnant women or new mothers. The housing assistance pilot program shall include rental assistance. If the Ohio housing finance agency establishes such a program under this division, it shall do all of the following: (1) Establish the program not later than December 31, 2017, and not end the program before December 31, 2020; (2) Through a competitive bidding process, select local community entities that are involved with issues concerning housing and infant mortality reduction efforts to participate in the program; (3) Evaluate the outcome of the program and include the findings in the annual report prepared pursuant to division (G) of section 175.04 of the Revised Code.
Ohio Rev Code § 175.15 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 175 | Housing Finance Agency|Section 175.15 | Inclusion of Pregnancy as Priority in Housing Assistance and Local Emergency Shelter Programs.

Effective: April 6, 2017|Latest Legislation:  Senate Bill 332 - 131st General Assembly|The Ohio housing finance agency and the Ohio development services agency shall include pregnancy as a priority in its housing assistance programs and local emergency shelter programs. In consultation with the Ohio development services agency, the Ohio housing finance agency may adopt rules in accordance with Chapter 119. of the Revised Code that are necessary to implement the requirements of this section.