The due date is nearing for developers constructing or rehabilitating affordable housing statewide to apply for an allocation of 4% housing tax credits. Applications must be submitted by Thursday, June 9, 2016. Per IRS requirements, developments seeking 4% credits must use multifamily bonds financing for more than 50 percent of the total project cost. Ohio Housing Finance Agency strongly encourages all applicants to seek experienced legal and accounting counsel to comply with all program requirements. Application details can be found in the 2016-17 Qualified Allocation Plan.