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Councilor Maddox flags shrinking homeownership programs, urges local financial literacy and home‑ready pathways
Summary
Councilor Anthony Maddox Jr. briefed the finance committee on federal and state changes affecting down‑payment and homeownership programs that serve minority neighborhoods, listed local and regional resources, and proposed community‑based financial literacy linked to local housing programs.
Councilor Anthony Maddox Jr. told the Cleveland Heights finance committee on April 28 that federal and state funding changes are reshaping down‑payment assistance and homeownership programs that have targeted predominantly Black neighborhoods, and he urged the city to expand local financial literacy and home‑ready pathways.
Maddox reviewed a range of programs residents and nonprofits use to support first‑time homebuyers and credit‑building, including Cuyahoga County’s down‑payment assistance, the statewide Welcome Home Ohio program, the Believe Mortgage program, programs associated with the Ohio Housing Finance Agency (OHFA), and…
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