Ohio Housing Finance Agency posted an update to the Affordable Housing Funding Application (AHFA). This version includes the 2018 rent limits, incorporates income averaging, and improves usability. The AHFA is primarily for November applicants to the Bond Gap Financing round. This version is not for 2019 Competitive Housing Tax Credit (HTC) applications as next year’s Qualified Census Tract data has not been published yet.
OHFA is aware of some formula errors in the customized Income Averaging AHFA for 2018 awardees. While OHFA can clear these after submission, you may also contact OHFA for a more immediate correction to the Housing Credit tab.
In addition, OHFA is seeking innovative proposals to provide technical assistance that will expand Ohio’s capacity to create affordable housing. This includes a call for planning and engagement consultants to support the local roll-out of the new FHAct50 Building Opportunity Fund. Last week, OHFA posted written questions and answers concerning the Notice of Funding Availability. Remember, all applications are due by 5:00 p.m. on Wednesday, September 12th.
