The Summit County [Ohio] Port Authority has voted to issue $12.5 million in tax-exempt bonds to help homeowners in the region who are facing foreclosure, according to American Homeowner Preservation Inc., Akron, Ohio. The authority approved the use of the bonds to help finance the work of AHP Ohio, a new nonprofit organization that is now accepting applications from distressed homeowners in the Summit County region. AHP Ohio said its program offers qualified homeowners who are behind on their payments and owe more than their house is worth a way of selling their homes and leasing them back at affordable monthly payments. The organization can be found on the Web at http://www.ahpoh.org.
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