Tax Credit Exceptions:
Ohio Housing Finance Agency distributed responses to all Competitive Housing Tax Credit exception requests. If you have questions or did not receive a response, please contact Karen Banyai at KBanyai@ohiohome.org.

Draft Multifamily Lending Program:
The draft version of the 2018 Multifamily Lending Program Guidelines is now available on the OHFA website. The draft guidelines will be presented to the Multifamily Committee of OHFA’s Board at the February meeting and the final version will be presented for consideration at the March meeting. Several details from the draft are below:

  • Organizations are limited to $3.5 million in total loan funding and three loans per fiscal year.
  • Maximum Loan Amount: $1.75 million. Exceptions may be permitted, contingent on approval by the OHFA Board.
  • Term and Use Restriction Period: Up to 17 years (R-TCAP funded loans require a 15-year use restriction period).