New Ohio Program Encourages Home Ownership

COLUMBUS, Ohio (News Talk 1480 WHBC) – The state has created a savings plan aimed at encouraging people to save money to buy or build a home.

Ohio Homebuyer Plus pays a better interest rate than a bank account or CD can offer, according to state Treasurer Robert Sprague.

There’s also a tax deduction.

You must be an Ohio resident and the money must be used in five years toward your primary residence.

The maximum amount that can be saved is $100,000.