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Ohio Issue 1, Bonds for Low-Cost Housing (1982)

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The Ohio Bonds for Low-Cost Housing Amendment, also known as Issue 1, appeared on the November 2, 1982 ballot in Ohio as a legislatively-referred constitutional amendment, where it was approved.[1] This amendment allows the state to issue revenue bonds to fund the construction of low-cost housing.

Election results

Ohio Issue 1 (1982)
Approveda Yes 1,827,453 57.40%

Election results via: Ohio Secretary of State

Text of measure

The language appeared on the ballot as:[2]

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Proposed Constitutional Amendment
To adopt Section 14 (or 15) of Article VIII of the Constitution of the State of Ohio

This proposed amendment would:

  1. Allow the state to issue revenue bonds to make financing available at lower than current interest rates for buying, building, or improving privately owned multi-unit housing for the elderly and privately-owned owner occupied single family housing;
  2. Allow the state to make loans to or through residential mortgage lenders, and to purchase loans from such lenders for multi-unit housing for the elderly and single-family housing;
  3. Allow the legislature to pass laws implementing the above program;
  4. Provide that tax money should not be obligated or pledged for the payment of these bonds.
If adopted, this amendment shall take immediate effect.

Shall the proposed amendment be adopted?

See also

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