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Ohio College Grads Buying Ohio Homes may Be in Line for Free Money

Keep an eye on Senate Bill 5 Columbus Homebuyers

Keep an eye on Senate Bill 5 Columbus Home Buyers

Republicans in the Ohio Senate have said that a priority over the next 2 years is to introduce legislation that award a grant to Ohio College Grads as incentive to keep the newly-degreed workforce right here in the Buckeye state.

From Jim Siegel at Dispatch Politics, “Senate Bill 5 would create a $2 million annual grant program to provide recent college graduates with down-payment help on the purchase of a home in Ohio.”

“If we truly want to get our economy back on track, Ohio cannot afford to lose the next generation of skilled workers to other states,” said Sen. Stephen Buehrer, R-Delta, who is sponsoring the bill. “This program will provide an extra incentive for our best and brightest to purchase their own homes and become invested in our communities.”

Under the proposal, Ohio residents could register within 60 days of graduating for a lottery that would award 300 grants ranging from $2,500 to $10,000 depending on the level of degree the graduate has earned. Recipients would have one year to use the grant.

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