MacFound

Ohio Foreclosure Prevention Program Evaluation

Research funded by John D. and Catherine T. MacArthur Foundation

The center has teamed with Ohio Housing Finance Agency’s Office of Affordable Housing Research and Strategic Planning on a John D. and Catherine T. MacArthur Foundation grant-funded project to evaluate the effectiveness of federally funded mortgage payment assistance for unemployed homeowners.

Project Overview

The center is working with Ohio Housing Finance Agency’s (OHFA) Office of Affordable Housing Research and Strategic Planning on a $460,000 from the John D. and Catherine T. MacArthur Foundation to evaluate the effectiveness of federally funded mortgage payment assistance for unemployed homeowners.

OHFA received one of six grants totaling $2.8 million awarded by the foundation for its How Housing Matters to Families and Communities Initiative, designed to explore the ways housing may affect social, health and economic outcomes of children, families and communities.

The center with The Ohio State University, Washington University St. Louis and the Federal Reserve Bank of Cleveland, OHFA will use the grant to conduct a multi-state study of foreclosure prevention programs.

The study will focus mainly on the U.S. Department of Treasury’s Hardest Hit Fund (HHF), established to provide financial assistance to families in states most impacted by the downturn of the housing market. The HHF earmarked $7.6 billion for 18 states and the District of Columbia in 2010. OHFA was allocated $570.4 million to implement its foreclosure prevention program, Save the Dream Ohio.

 

The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.

 

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