The Consolidated Housing Development Assistance Program Guidelines provide for a second Bond Gap Financing (BGF) round only if sufficient funds remain available after the summer awards are announced. OHFA has concluded scoring in that first round and is currently notifying applicants of the results. Based on that information, OHFA anticipates hosting a second BGF round with final applications due no later than November 2, 2018.
This second round will only be available to developments that are sited in Non-Participating Jurisdictions, as is necessary for the State of Ohio to satisfy statutory requirements for geographic distribution of Ohio Housing Trust Fund resources.
Approximately $3 million in Ohio Housing Trust Fund dollars will be available for release; no National Housing Trust Fund dollars will be distributed. HDL resources are similarly limited and will be capped at $1.75 million.
