New Ohio Law Fast Tracks Foreclosures for Vacant Properties

The Federal Reserve Bank of Cleveland provides an early assessment of a new foreclosure law in Ohio designed to help reduce vacant and blighted properties in the state.

1 minute read

November 22, 2016, 8:00 AM PST

By James Brasuell @CasualBrasuell


An article by Michelle Park Lazzette details a new state law in Ohio that fast-tracks foreclosures of vacant and abandoned properties.

Lazzette checks in with community development experts from the Federal Reserve Bank of Cleveland, the same organization that targeted the need for such a law in a 2013 white paper. Their verdict: the success of the new law will all come down to implementation.

Potential sticking points for the new law include local jurisdictions, financial institutions, and some local housing advocates, according to the Cleveland Fed experts cited in the article. The potential benefits of the new law, however, include lower costs to local jurisdictions and neighbors.

Tuesday, November 15, 2016 in The Federal Reserve Bank of Cleveland

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 30, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Close-up of white panel at top of school bus with "100% electric" black text.

Driving Equity and Clean Air: California Invests in Greener School Transportation

California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

5 hours ago - California Air Resources Board

Aerial view of Freeway Park cap park over I-5 interstate freeway in Seattle, Washington at night.

Congress Moves to End Reconnecting Communities and Related Grants

The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

6 hours ago - Streetsblog USA

"No Thru Traffic - Open Streets Restaurants" sign in New York City during Covid-19 pandemic.

From Throughway to Public Space: Taking Back the American Street

How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.

7 hours ago - Next City