News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Genie of Fairview Door Company

Akron General


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Time is running out for Save the Dream Ohio
Homeowners have until Wednesday to apply for mortgage assistance, and many who did not qualify before could be eligible now
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
Changes in the rules for the Save the Dream program mean many people who could not previously get assistance may qualify now; the deadline is this Wednesday
Courtesy of Kevin Niedermier
Download (WKSU Only)
In The Region:
The Save the Dream Ohio program winds down this week after four years of helping struggling homeowners. But, as WKSU’s Kabir Bhatia reports, there's still time to register before Wednesday’s deadline.
Time is running out for Save the Dream Ohio

Other options:
Windows Media / MP3 Download (2:32)


Save the Dream Ohio (888-404-4674) has about $80 million left to distribute in federal foreclosure-prevention funds. The average person gets about $16,000 to pay off liens or up to 18 months’ worth of mortgage payments. Homeowners do not have to be delinquent, just have a hardship such as medical expenses or job loss.Antoinette Smith is a housing counselor with non-profit Empowering and Strengthening Ohio’s People – or ESOP -- in Cleveland. She says keeping people in their homes is good for neighborhoods, good for the economy, and good for peace of mind.

“A lot of people take pride in their homes and worked hard to obtain it.  And because of no fault of their own -- such as job loss -- we feel it would be unfair to have them lose their home while they're still actively seeking employment, sometimes for a year or more.”

The process
“We assess their situation.  Programs that Save the Dream offers include ‘lien elimination,’ if the loan amount is below a certain threshold, we would ask the state to pay that off.  There is ‘rescue assistance,’ where we give the funds to make a mortgage current if it's past due.  “Mortgage payment assistance’ is where the state would actually make the mortgage payment for them for a minimum of 6 months, and a maximum of 18 months.”

Where are most of the homeowners coming from who need assistance?  Smith says she sees "them from all sides -- East, West, we assist in all different counties.  People come in, but we also do phone intake. If you're out of our area, we can still service you.”

New rules mean new help
Additionally, some people who did not qualify in the past, may be able to get help now.
“They were asking for a lot of documentation; some things that some people couldn't get [if] the hardship was a few years ago. Of course, they wanted something from their employer [but] that employer may not even be around anymore. So the state recognized that and changed some of their program guidelines.”

Where to go
Antoinette Smith with ESOP says anyone who might need help should call the agency by Wednesday at 877-731-ESOP. Applications must at least be started by then, but don’t have to be completed until July 31.
Homeowners closer to Akron can also stop into Mason Elementary (700 E. Exchange St.) tonight, tomorrow night or Wednesday night for assistance in signing-up.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Cleveland Orchestra heads home from Europe
So proud to be a lifetime Clevelander! Yes, our Orchestra is the best ambassador a city could hope for! My wife and I happened to hear the European Festival T...

Northeast Ohio undocumented immigrants praying for a miracle
Stop it, just stop it. They are not undocumented but illegal aliens. I live in a 'sanctuary' city and it's not pretty. Dahlberg is a notorious trouble maker in ...

Ohio survey shows low-income people are choosing phones over food
Where is this study published? no sign of it on google scholar. is there a cite

The Akron Sound rocks the porches
fabulous group interview! you covered so much in so little time. wish i could be there for porch rockr.

Head of Ohio Dems says Kasich administration is lying about Suarez contacts
when Kasich's mouth is open , he's lying. Look what he did at Lehmans brothers and then lied about it all during the campaign. If a GOP didn't lie, he or she ...

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Former Nursing Home Land Added to Parks
In addition, LED technology also plays a very important role in advertising- LED placard is very, very useful for shop owners.

Ohio Supreme Court hears arguments on school funding
That's not true. Other school districts HAVE followed this law and done this. Oakhills is one of them and how they were able to provide technology for their s...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University