The Ohio Homebuyer Plus program detailed during Youngstown event

Ohio Treasurer Robert Sprague was in Youngstown Wednesday to promote the Ohio Homebuyer Plus program, a new savings account plan designed to encourage homeownership in Ohio.

The program launched this month.

The Ohio Homebuyer Plus program will make specialized, tax-advantaged savings accounts available to Ohioans to assist them on their homebuying journey. Prospective homebuyers can open Ohio Homebuyer Plus accounts through participating financial institutions beginning in January.

“To own a home in Ohio is to invest in Ohio. However, prospective homebuyers face no shortage of challenges in today’s market, including the increasing amounts needed for their down payments and closing costs,” Sprague said. “Through Ohio Homebuyer Plus, we’re putting the strength of the state’s balance sheet to work for Ohioans as they build their nest egg and the savings needed to make one of life’s most important purchases.”

You can watch the press conference below.