Ohio Lawmakers Propose Incentivizing Housing Production

A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.

1 minute read

April 19, 2024, 7:00 AM PDT

By Diana Ionescu @aworkoffiction

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A proposed Ohio state bill would incentivize local governments to support pro-housing policies through an annual grant program, reports Avery Kreemer in Dayton Daily News.

The program, which would be funded by removing a non-business tax credit for property owners, could create $100 million to $150 million per year in revenue that would be distributed among cities that adopt three or more pro-housing policies. Cities can choose from a list of 12 policies that include increasing new housing permits, limiting parking requirements, permitting accessory dwelling units, and allowing density increases. “Total permits for new home starts dropped 14.8% last year, from 1,992 in 2022 to 1,697 in 2023, according to Home Builders Association of Dayton.”

Wednesday, April 17, 2024 in Daytona Daily News

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