The Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support nine housing developments. Developments that received Board approvals for funding are:
CENTRAL
Berkshire Lofts: Pivotal Development LLC and Bridges Community Action Partnership received approval for a $1.75 million Housing Development Loan. The development will construct 58 new units for families in Berkshire Township (Delaware County).
Bretton Woods II: National Church Residences received authorization for up to $8.74 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for $6,348,260 in Ohio Low-Income Housing Tax Credits. The development will construct 60 new units for older Ohioans in Columbus (Franklin County).
Reserve at Hunter Trace: Fairfield Homes, Inc. received authorization for up to $19 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for a $2 million Housing Development Loan and $12.5 million in Ohio Low-Income Housing Tax Credits. The development will construct 95 new units for older Ohioans in Lancaster (Fairfield County).
NORTHEAST
Allerton Apartments: Salus Development LLC and Camber Property Group received approval for a $2 million Housing Development Loan. The development will rehabilitate 199 units for families in Cleveland (Cuyahoga County).
Foster Senior Lofts: Pivotal Development LLC and Elyria Community Partnership received authorization for up to $8 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for a $2 million Housing Development Loan and $4.5 million Housing Development Assistance Program funds. The development will create 46 new units for seniors in Elyria (Lorain County).
SOUTHEAST
Roberts Run Landing: Spire Development, Inc. and County Corp received approval for a $1.75 million Housing Development Loan. The development will construct 76 new units for families in Richland Township (Belmont County).
SOUTHWEST
At Main: Co-developers County Corp and Oberer Residential Construction, Ltd received approval for a $1.5 million Housing Development Loan, $4,836,600 in Housing Development Assistance Program funding, and authorization for up to $15 million in OHFA-issued Multifamily Housing Bonds. The development will construct 63 new units for families in Trotwood (Montgomery County).
Lakota Pointe: Co-developers April Housing LLC and McCormack Baron Salazar, Inc. received authorization for up to $38 million in OHFA-issued Multifamily Housing Bonds. The project will rehabilitate 204 units in 26 buildings for families in Liberty Township (Butler County).
Marquette Manor Apartments: Cincinnati Metropolitan Housing Authority received approval for a $2 million Housing Development Loan and authorization for up to $25.5 million in OHFA-issued Multifamily Housing Bonds. The development will rehabilitate 140 units for families in Cincinnati (Hamilton County).
For more information on programs offered by the Ohio Housing Finance Agency, visit ohiohome.org.
