Ohio Housing Finance Agency has released a draft QAP as well as 3 new documents affecting the QAP. OHFA will accept public comments through August 25, 2017.
To submit written comments or schedule a one-on-one meeting with policy staff, contact QAP@ohiohome.org. Stakeholders are also invited to register and attend two public hearings:
- QAP First Draft Forum, July 11, 2017, Columbus Main Library.
- QAP Public Hearing, July 18, 2017, OHFA Office.
The three new addendums to the QAP are as follows:
- USR Opportunity Index and Community Change Index – for improved opportunity mapping
- Design and Architectural Standards
- Limited Scope Rehabilitation Sustainability Standards – for 4% projects where qualifying for a Green Communities certification is infeasible. To comment on this document, use the provided SURVEY.
Other QAP Changes Include:
- Cost Containment: The following limits may not be exceeded in an application
Pool | Cost Per Unit | Cost Per Gross Sq. Ft. |
New Aff., Urban Opportun. | $276,500 | $220 |
New Aff., Mixed Urban | $263,500 | $210 |
New Aff., Senior | $211,000 | $187 |
New Aff., Non-Urban | $200,500 | $197 |
Preserved Aff., Urban | $180,500 | $183 |
Preserved Aff., Non-Urban | $147,000 | $175 |
Single-Family Infill | $248,500 | $106 |
PSH | $190,500 | $209 |
- Developer Fee: Previously, the developer fee was the higher of $500,000 or 15% of total rehab and new construction eligible basis; and 5% of total acquisition eligible basis. The proposed changes create a base developer fee derived from a number of units produced (from $800,000 for 35 or fewer units up to $1.2 million for 151 units or more), and adds a fee supplement for specific activities (e.g. permanent supportive housing = $300,000; participation in the Ohio 811 PRA Program = $25,000).
- Pools:
- New Construction Family Urban: Reduced from $5 million to $3 million
- Creation of a Mixed Population Pool with target funding of $3 million (not located in opportunity areas and serves workforce, family, general, or mixed populations, and not restricted to 55 and older).
- Senior Urban: Reduced from $4.5 million to $3 million
- Non-Urban: Increase from $4.5 million to $5 million
- Preservation Urban: Reduced from $4 million to $3 million
- Permanent Supportive Housing: Increased from $4 million to $4.5 million
- The New Unit Construction Family Pool has been converted into locational sub-pools.
- The Single Family Infill pool would now include long-term rental housing.