The Ohio Bonds for Low-Cost Housing Amendment
, also known as Issue 1
, appeared on the November 2, 1982 ballot
as a legislatively-referred constitutional amendment
, where it was approved
This amendment allows the state to issue revenue bonds to fund the construction of low-cost housing.
| Ohio Issue 1 (1982)|
| Yes|| 1,827,453|| 57.40%|
Election results via: Ohio Secretary of State
Text of measure
The language appeared on the ballot as:
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:
If adopted, this amendment shall take immediate effect.
- 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;
- 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;
- Allow the legislature to pass laws implementing the above program;
- Provide that tax money should not be obligated or pledged for the payment of these bonds.
Shall the proposed amendment be adopted?