Save the Dream Ohio – Mortgage and Utilities Assistance

Save the Dream Ohio – Mortgage Assistance provides eligible Ohio homeowners with financial assistance to pay delinquent mortgage payments and/or future mortgage payments for up to six months. While the amount of assistance may vary by household, a household may receive up to a combined $25,000 in mortgage assistance.

There is no cost to apply for the program. To qualify for the Save the Dream Ohio program, a household must have their primary residence in Ohio, have experienced financial hardship or loss of income related to the COVID-19 pandemic, and have an income at or below the Save the Dream Ohio income eligibility threshold.  (see chart below)

Family Income

1 person income family cannot exceed $103,350                       2 person income family cannot exceed $118,200

3 person income family cannot exceed $132,900                       4 person income family cannot exceed $147,600

5 person income family cannot exceed $159,450                       6 person income family cannot exceed $171,300

  7 person income family cannot exceed $183,150                       8 person income family cannot exceed  $194,850

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When completing an application, homeowners will be required to include copies of the following documents:

• Mortgage Statement
• Most recent tax return or most recent 30 days income for all adult household members. Here are documents you may provide if you do not have a tax return:
  • W2 wage jobs paystubs showing employer name, address and phone, employee name, year-to-date gross earnings, gross hourly or salary payment rate for the pay period; and number of hours worked in the pay period.
  • Self-employment and Gig Economy Jobs require most recent quarterly profit and loss statement, all pages of statements for all bank accounts (business and personal) for the same three month period, and most recent tax return with all schedules.
  • Interest, royalty and dividend income require most recent tax return with all schedules.
  • Social Security, SSI, disability, Veteran’s benefits, insurance policies, retirement funds, pensions, death benefits and other annuitized periodic payments (lottery winnings, trust payments, severance payments, settlements, life insurance) require most recent award letters or payment statements. Lump sum payments are excluded.
  • Unemployment, disability, worker’s compensation, and severance pay require most recent award letter or payment statement.
  • Government cash assistance and housing subsidies require most recent award letter or payment statement.
  • Child support, alimony, separate maintenance and gifts require most recent award letter, divorce decree, court document or payment statement.
  • Regular, special pay and allowances for members of the Armed Forces require most recent award letter or payment statement.
  • Section 8 financial assistance in excess of tuition require most recent award letter or payment statement.
  • Rent from roommate requires a lease or proof of payment.

Not all mortgage lenders and servicers are enrolled in the program.

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Save the Dream Ohio – Utility Assistance Plus

Save the Dream Ohio – Utility Assistance Plus provides eligible Ohio homeowners with financial assistance to pay delinquent utility bills, property taxes, and other housing costs not included in the mortgage payment. A household may receive up to combined $10,000 in utility and/or housing cost assistance.

To qualify for the Save the Dream Ohio program, a household must have their primary residence in Ohio, have experienced financial hardship or loss of income related to the COVID-19 pandemic, and have an income at or below the Save the Dream Ohio income eligibility threshold (see chart below).

Persons in Family
1	2	3	4	5	6	7	8
$103,350	$118,200	$132,900	$147,600	$159,450	$171,300	$183,150	$194,850

Utility Assistance Plus Program Guidelines

• Utility Assistance Plus Program Guidelines

OHFA is working with Community Action Agencies across the state to administer this component of the program. Ohio homeowners needing assistance through the utility assistance plus, apply through their local Community Action Agency.