The Policy Committee of the Greater Ohio Policy Center Board of Directors recently voted to endorse HB 223 (130th GA). HB 223 would expedite the foreclosure and transfer of unoccupied, blighted parcels in cities with Housing Courts (Cleveland and Toledo) or Environmental Courts (Columbus/Franklin County). The bill also allows for allows for property to be sold for less than 2/3 value to certified buyers in county sheriff sales. HB 223 is sponsored by Representative Cheryl Grossman (R-Grove City) and Representative Mike Curtin (D-Marble Cliff).
This bill has a five year sunset, effectively creating a pilot program that GOPC anticipates will demonstrate great success.
GOPC’s Policy Committee has endorsed this bill because many communities continue to struggle to mitigate the impact of blighted properties in their neighborhoods. Providing a framework to shorten the foreclosure timeline will help move properties from “limbo” to responsible end users. In particular, the ability to buy property at less than 2/3 value at sheriff sales, acknowledges the value of sweat equity in turning around neighborhoods and provides a pathway for interested parties to buy and renovate properties for owner occupancy.
For more information on GOPC’s endorsement, please contact Alison D Goebel, Associate Director at email@example.com.