Foreclosed and Vacant Home on Wabash Avenue in Dayton’s Mount Vernon Neighborhood.
Several legislative acts since 2008, such as the Housing and Economic Recovery Act (HERA), and the American Recovery and Reinvestment Act (ARRA) provided billions of dollars for Neighborhood Stabilization Programs across the country. From the HERA program alone, the city of Dayton, Kettering, and Fairborn together received 29.3 million dollars; of that, 19 million went to Dayton, and they’ve used about 3.5 million to purchase and rehab foreclosed homes.
TOLEDO, Ohio - A trade group reports Toledo showed the most improvement among the state's six biggest housing markets during July.
The National Association of Realtors says Toledo had a higher increase in home prices, a bigger drop in homes on the market and a shorter average sale time than Akron, Cleveland, Cincinnati, Columbus and Dayton.
Toledo Board of Realtors President Ed Sitter tells The Blade the report confirms "positive signs," including agents saying some homes are drawing multiple offers.