An updated version of the application package for the 2015 Housing Tax Credit program year has been posted to the Ohio Housing Finance Agency website.

The 2015 Qualified Allocation Plan Frequently Asked Questions (FAQs) have been posted to the OHFA website. The FAQs will be updated and posted frequently between now and February 13, 2015, when the final version will be issued.

The OHFA Office of Planning, Preservation, and Development announces the beginning of its comprehensive planning effort that will assist in development of the 2016-2017 Qualified Allocation Plan. A formal memo to partners and stakeholders outlining key milestones and dates has been posted to the OHFA website.

The 2014 Multifamily Bond Gap Financing Program results have been announced. The BGF Program, which includes up to $1 million in Ohio Housing Trust Fund (OHTF) dollars, helps developers make 4% housing tax credit developments more feasible. A total of $4,350,000 in HDAP funds has been reserved for the five projects selected to move forward. An additional five projects will remain on the BGF waiting list.

The new Multifamily Lending Program was approved by the OHFA Board on September 17. The objective of the program is to provide financing to 20 projects a year (approximately 1,000 units) over state fiscal years 2015 through 2017. Please note that the application start date has been moved to December 1, 2014.