The bill amends sections 322.02, 322.03, and 322.06 of the Revised Code to ensure that any increased county real estate and manufactured home conveyance fees are specifically allocated for county-specific housing purposes. It introduces new provisions that require counties to use a portion of the funds collected from the real property transfer tax and manufactured home transfer tax to create a "county housing fund." This fund is designated for various housing initiatives, including low-income housing, first-time home buyer assistance, disability housing, and transition housing.

Additionally, the bill modifies the allocation of funds collected from these taxes. After covering the costs of administration and enforcement, the remaining balance will be divided, with a portion going to the county general fund and the rest directed to the newly established county housing fund. The bill also clarifies the process for levying these taxes, including the requirement for public hearings and the potential for a referendum on the tax resolutions. Existing sections of the Revised Code that do not align with these changes are repealed.

Statutes affected:
As Introduced: 322.02, 322.03, 322.06