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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, was 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]

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?[3]

See also

Suggest a link

External links