In October, Ohio Treasurer of State Robert Sprague announced a new program called the Ohio Gains. This initiative is aimed at putting the state treasury’s balance sheet to work for Ohioans. The proposal centers around three new investment reforms that will help bolster support for the state’s agriculture community, health systems, and institutions of higher education.
Legislation authorizing Ohio Gains is expected to be introduced in the Ohio Senate by Senators Michael Rulli and Jerry Cirino and in the
Continue Reading Ohio Treasurer Robert Sprague Announces Ohio Gains Initiative
A Bloomberg opinion article argues that neighborhood style single and multi-family homes built specially for renters could help make housing more affordable and also avoid existing homeowners’ normal aversion to high-capacity housing (“Not-In-My-Backyard-ism”). The author claims that institutional investment opportunities currently lie in building new homes, rather than in buying economically opportunistic existing homes because the market is now currently dealing with low rates of inventory. In new built-to-rent communities, high capacity housing will likely be received more warmly because
The Western Reserve Community Fund (WRCF), which is managed by the Development Finance Authority of Summit County (DFA), received official certification as a Community Development Financial Institution (CDFI) from the CDFI Fund, a program overseen by the U.S. Treasury. All CDFI’s share a common goal of expanding economic opportunity in Low-Income Communities by providing access to financial products and services for local residents and businesses, striving to foster economic opportunity and revitalized neighborhoods.