Housing (Historic Preservation)

To amend sections 149.311 and 175.16 of the Revised Code to allow area agencies on aging to couple the state historic rehabilitation and low-income housing tax credits and require a minimum price for low-income housing tax credits transferred by area agencies on aging.

To amend sections 323.152, 323.153, and 323.156 of the Revised Code to authorize a temporary property tax credit for certain continuously owned homesteads.

To amend sections 323.152, 323.153, 4503.065, and 4503.066 of the Revised Code to authorize an enhanced property tax homestead exemption for certain long-term homeowners.

HB 154 requires school districts to approve property tax exemptions for new residential construction or remodeling in designated "community reinvestment areas" before they can be granted. Property owners seeking these exemptions must submit applications to a housing officer, who then forwards them to the local school board for approval within 45 days. The bill ensures school districts have a formal role in approving exemptions for residential properties, though it includes an alternative where owners can pay school districts 25% of estimated tax savings instead of seeking approval. This directly affects homeowners and developers in areas designated for community reinvestment, changing how tax exemption approvals are processed.