Toledo committee debates forgiving NeighborWorks’ HOME loans; administration warns repayments fund housing programs
At a meeting of the Toledo City Council Housing & Community Development Committee on Aug. 28, councilmembers, department staff and NeighborWorks representatives debated whether the city should forgive HOME‑program mortgage debt on four scattered‑site rental portfolios, with the administration urging repayment to sustain local housing programs and NeighborWorks pressing for relief to promote sales to tenants.
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Council members and housing staff debated on Aug. 28 whether to forgive HOME‑program mortgage debt tied to several low‑income scattered‑site portfolios owned or managed by Neighborhoods Toledo Region (commonly called NeighborWorks). The discussion focused on four portfolios: United North School Homes 1 and 2, and Southeast Toledo Homes 1 and 2.
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