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OHFA Lead Paint Safe Pilot Loan Program for Qualified Toledo Homeowners

For a limited time, the Ohio Housing Finance Agency (OHFA) in collaboration with Huntington National Bank is offering low-interest home repair loans for homeowners living in eligible census tracts in the City of Toledo. These homeowners may have potential lead paint hazards and require help to pay for the costs to make their homes Lead Safe.

Lead Safe means making sure a home does not pose a lead risk before a child could be poisoned. A home is lead safe when lead risks – known as lead hazards - have been controlled so that the concentration of leaded dust remains below the threshold set by the U.S. Environmental Protection Agency. This means a lead safe home is no longer hazardous but may still contain lead.


The Lead Paint Problem

Lead exposure, as small as a single grain of sugar per day, can lead to traumatic health outcomes for children and families. Because the majority of Toledo's housing stock was built before 1978, Toledo residents have inherited a large, toxic legacy of lead paint. Every year, hundreds of Toledo children test high for lead in their blood, 5 μg/dL or greater. There is no safe level of lead in the bloodstream. 5 μg/dL represents the highest 2.5% of children ages 1-5 in the entire U.S. population. You can read more about elevated blood lead levels on the CDC’s website [Toledo Lead Poisoning Prevention Coalition]. If you live in house built before 1978, you and your family are at risk of being exposed to lead paint.

Possible Signs and Symptoms of lead poisoning in children are:

  • Developmental delay
  • Learning difficulties
  • Irritability
  • Loss of appetite
  • Weight loss
  • Sluggishness and fatigue
  • Abdominal pain
  • Vomiting
  • Constipation
  • Hearing loss
  • Seizures
  • Eating things, such as paint chips, that aren’t food (pica)

Lead poisoning affects young children and pregnant women most severely, and the damage can last the rest of that person’s life. There is no cure for lead poisoning, though some treatment options are available. If you suspect you or your child is suffering from lead poisoning, consult your doctor immediately and request a test. The Toledo Lucas County Health Department also performs lead testing.


Loan Amount Limits

Minimum Loan Amount: $4,000
Maximum loan Amount: $15,000


Eligible Uses for Loan

Costs for interim lead paint hazard control repair measures to make a home Lead Safe, together with related inspection(s), clearance costs and closing costs.

A lead paint assessment prepared by an Ohio licensed lead risk assessor is required prior to loan underwriting in order to determine the scope of work and loan size.

Repair measures may include paint film stabilization (repainting), treatment to minimize friction, treatment to prevent impact, cover to prevent chewing, specialized cleaning, and covering/restricting access. 100% lead paint abatement is not required unless no viable alternatives are identified in the lead paint assessment.

An EPA Lead Renovation, Repair, & Repainting (RRP) certified lead safe worker, or a lead abatement contractor can complete the interim lead paint hazard control repair measures. A lead abatement contractor maintains a higher level of certification, but all of their services are not required for lead safe remediation. Remember to ask for proof of certification, bonding and insurance when searching for a contractor.

Relocation expenses of the owner occupants during the repair work in order to protect the occupants are also eligible for reimbursement.


Loan Interest Rates

  • For borrowers with incomes at or below 80% AMGI, minimum interest rate = 1%
  • For borrowers with incomes between 80% AMGI and 120% AMGI, minimum interest rate = 1.5%
  • [final rate dependent on total housing cost ratio]

Loan Terms

All loans require monthly payments amortized over 10 to 20 years depending on loan amount and borrower's income.

  • For loan amounts between $4,000 and $10,000, a loan term and amortization period up to 10 years is allowable.
  • For loan amounts between $10,000 and $15,000, a loan term and amortization period up to 20 years is allowable.

Loan term, interest rate and amortization period shall be modified so that a borrower's total monthly housing costs will not exceed 30% of monthly income.


Eligible Homes

1-unit owner occupied structures built before 1978 and located in the city of Toledo.


Income Restrictions

Borrower income shall not exceed 120% of the 2021 Area Median Gross Income for Lucas County.

2021 Lucas County Income Limits
Household Size 80% AMI 100% AMI 120% AMI
1 Person $40,240 $50,300 $60,360
2 Person $46,000 $57,500 $69,000
3 Person $51,760 $64,700 $77,640
4 Person $57,440 $71,800 $86,160
5 Person $62,080 $77,600 $93,120
6 Person $66,640 $83,300 $99,960
7 Person $71,280 $89,100 $106,920
8 Person $75,840 $94,800 $113,760

Home Equity Requirement

Borrowers must currently have unrestricted equity in their home. The combined loan to value including the OHFA lead paint safe loan and existing first mortgage may not exceed 105%. Borrowers with incomes at or below 80% AMGI are not required to obtain an appraisal of the property and may rely on the most recent appraisal conducted by the county auditor. Borrower also has the option to order an as-is appraisal to confirm home value. As –approved appraisals are required for borrowers with incomes greater than 80% AMGI and loan amounts of $10,000 or more.


Underwriting Requirements

  • Debt to Income (DTI) ratio may not exceed 43%.
  • Minimum FICO score of 640 is required.
  • Borrowers must document on-time first mortgage payments for the last 12 months and must be current with all payments.

Maximum Cumulative Loan to Value (CLTV)

Borrowers must currently have unrestricted equity in their home. The CLTV including the OHFA lead paint safe loan and existing first mortgage may not exceed 105%. Borrowers with incomes at or below 80% AMGI are not required to obtain an appraisal of the property and may rely on the most recent appraisal conducted by the county auditor. As –approved appraisals are required for borrowers with incomes greater than 80% AMGI and loan amounts of $10,000 or more.


Security Requirements

Second mortgage on the property.


Lead Paint Clearance Requirements

After work is completed and prior to funding the loan, the home must pass a lead paint clearance examination in accordance with standards prescribed in rules adopted under O.R.C. 3742.03 or O.R.C. 3742.45 a lead clearance examination. The examination must be performed by an Ohio-licensed lead risk assessor, lead inspector, or clearance technician.


Application Window – *Updated*

Eligible homeowners may apply for a loan at the Huntington National Bank Branch listed below beginning on June 19, 2021 through June 30, 2022. Funding is limited and the program will end after June 30, 2022.


Application Contacts

Huntington Bank Julia M. Dudley-Lee
Julia.m.bryant@huntington.com
Phone: 419.574.0350
Crystal Gunn
Crystal.L.Gunn@huntington.com
Phone: 248.637.7457
Application Contact By Address
Bank Address City Zip Code
Toledo Corporate 519 Madison Ave. Toledo 43604
Point Place 5201 N. Summit St. Toledo 43611
Glengate 4773 Glendale Ave. Toledo 43614
Heatherdowns 4700 Heatherdowns Blvd. Toledo 43614
Jermain Park 3711 Monroe St. Toledo 43606
Wernerts Corner 2310 Laskey Rd. Toledo 43613
Westgate 3546 W. Central Ave. Toledo 43606
Arrowhead Park 597 W. Dussel Dr. Maumee 43537

Additional Resources


Disclosure Statement

Equal Housing Lender The Huntington National Bank is an Equal Housing Lender and Member FDIC. Loans subject to credit application and approval. ⬢®, Huntington® and ⬢Huntington® are federally registered service marks of Huntington Bancshares Incorporated. ©2021 Huntington Bancshares Incorporated.


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