OHIO LEGISLATIVE SERVICE COMMISSION
Office of Research Legislative Budget
www.lsc.ohio.gov and Drafting Office
H.B. 517 Bill Analysis
135th General Assembly
Click here for H.B. 517’s Fiscal Note
Version: As Reported by House Economic and Workforce Development
Primary Sponsors: Reps. Santucci and Lampton
Effective date:
Christopher Glass, Attorney
SUMMARY
 Includes active duty service members as eligible participants in the homeownership
savings linked deposit program.
DETAILED ANALYSIS
Homeownership savings linked deposit program
The bill extends the existing homeownership savings linked deposit program to include
active duty service members as eligible participants. The program provides rate savings
accounts to be used for the down payment and closing costs associated with buying a home.
Current law requires an eligible participant for the homeownership savings linked deposit
program to be an Ohio resident and to have applied for a homeownership savings account at an
eligible savings institution. The bill would also include as eligible participants members of the
uniformed services who are on active duty assignment and are considered residents of Ohio via
a residency or domicile election. Eligible participants who are active duty members may apply
for a homeownership savings account on or after the date on the permanent change of station
orders.1
This analysis was prepared before the report of the House Economic and Workforce Development
Committee appeared in the House Journal. Note that the legislative history may be incomplete.
1 R.C. 135.71.
June 25, 2024
Office of Research and Drafting LSC Legislative Budget Office
HISTORY
Action Date
Introduced 05-06-24
Reported, H. Economic and Workforce Development ---
ANHB0517RH-135
P a g e |2 H.B. 517
As Reported by House Economic and Workforce Development

Statutes affected:
As Introduced: 135.71
As Reported By House Committee: 135.71