The Ohio Housing Finance Agency has released a marked up version of its draft 2010 qualified allocation plan for administering the low-income housing tax credit (LIHTC) program. Notable changes to the 2010 QAP include:
- A new section for OHFA policy statements. These policy statements are the basis for the award of resources to projects throughout OHFA’s various funding sources. The policy statements address:
- Types and locations of housing;
- Types of subsidy;
- Project characteristics;
- Development team characteristics;
- Management company characteristics; and
- Financial considerations.
- Listing of requirements and judging criteria for conducting an experience and capacity review of potential general partners, developers and management companies.
Standards and guidelines for maintaining good standing with OHFA, including responsibility, willingness to partner and general fitness. - Additional review standards for Permanent Supportive Housing projects, including a separate meeting with OHFA staff to discuss issues like population needs, physical design elements and sustainability.
