Testimony on HB 547 — Gabriel Guidarini (Economic and Workforce Development Committee)

Summary

Testimony on HB 547 by Gabriel Guidarini, headed Monday June 24, 2024, to the Economic and Workforce Development Committee. The testimony says the operating budget’s allocation of $400 million over the course of four years for low-income housing tax credits is intended to benefit Ohioans, and that the budget’s writing outlines no clear basis or requirement on whether an individual must be a legal resident of Ohio to receive a tax credit. It says HB 547 gives the clarification necessary to ensure that legal residents of Ohio are able to enjoy the benefits allocated by the budget. It says the author is a student at the University of Dayton concerned about the affordability of homeownership and rent.

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Gabriel Guidarini - HB 547 Testimony, Monday June 24, 2024

Chairman Swearingen, Vice Chair Santucci, Ranking Member Upchurch, and members of the Economic
and Workforce Development Committee, thank you for allowing me to provide testimony for HB 547.

The recent operating budget’s allocation of $400 million over the course of four years for low-income
housing tax credits is coming out of the taxpayers and intended to benefit Ohioans. Currently however,
the writing for the budget outlines no clear basis or requirement on whether an individual must be a legal
resident of Ohio in order to receive a tax credit.

This bill, HB 547, gives the clarification necessary to ensure that legal residents of Ohio are able to fully
enjoy the benefits allocated to them by the budget. It also ensures that taxpayer dollars are being used in a
proper and transparent fashion, and that those dollars are fully beneficial for legal Ohio residents, and thus
the local economy.

Most notable for me is the concerns of other young Ohioans regarding the budget allocation’s current
writing. There is no doubt that young Ohioans are concerned about affordability with regards to housing
and other facets in the near future. Housing is becoming increasingly unaffordable for many young
Ohioans, as well as other facets.

As a nineteen year old student at the University of Dayton, I am personally concerned with my ability to
save money in the face of a rising cost of living, and the affordability of homeownership, rent, and in
other areas. The additional requirement of legal status outlined in this bill, HB 457, would help ensure
that young Ohioans are able to confidently enjoy the benefits of these tax credits.

Thank you again for allowing me to provide testimony on HB 457. I would be happy to answer any
questions you may have.

Gabriel Guidarini
(847) 337-4185
gabefguidarini@gmail.com


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