Ohio

The Ohio Housing Finance Agency (OHFA) sent notice that the maximum Housing Development Loan (HDL) for 9 percent tax credit projects will be $1.25 million and $1.75 million for Permanent Supportive Housing Projects. OHFA does not anticipate having any HDL funding remaining for 4 percent tax credit projects in 2019.

2019 Tax Credit Application Updates  Frequently Asked Questions The deadline to submit Frequently Asked Questions was December 28, 2018. The Final FAQ document has been posted to the Housing Tax Credit web page. Questions related to the AHFA or other minor clarifications can still be submitted to [email protected]. AHFA Updates The current version of the […]

Yesterday, the Ohio Housing Finance Agency posted the Affordable Housing Funding Application for the 2019 Competitive Housing Tax Credit round. This update incorporates the 2019 Qualified Census Tract and Difficult Development Area data, adds a scoring sheet for the FHAct50 program, addresses revisions contained in the Qualified Allocation Plan (QAP), and improves usability. The form […]

This webinar, led by Todd Carmichael from OHFA, will focus on three new policies crafted by the Asset Management team: the Restrictive Covenant Modification policy, Ownership Transfer policy and Management Change Policy. We encourage all developers, owners, syndicators and property management staff to attend and learn how these new policies may affect your OHFA-funded properties. […]

The Fair Housing Act 50 Building Opportunity Fund (FHAct50) empowers Cincinnati, Cleveland and Columbus to distribute $3 million in housing tax credits in a single neighborhood to create mixed-income communities. Learn more at http://ohiohome.org/news/documents/Newsletters/Fall2018/2/index.html

This webinar, led by Todd Carmichael from OHFA, will focus on three new policies crafted by the Asset Management team: the Restrictive Covenant Modification policy, Ownership Transfer policy and Management Change Policy. We encourage all developers, owners, syndicators and property management staff to attend and learn how these new policies may affect your OHFA-funded properties. […]

Ohio Housing Finance Agency has scheduled its annual Qualified Allocation Plan Training & Brainstorming Session. This free workshop will be held on November 5th, the day before the Ohio Housing Conference. This is an unique opportunity to strengthen relationships with your peers, hear insider’s tips and tricks for applying to OHFA, and share your policy suggestions […]

September 27, 2018 10:00 AM – 12:00 PM OHFA’s Roger McCauley Board Room 57 East Main Street, Columbus, OH 43215 The purpose of this advisory committee is to provide feedback to OHFA regarding compliance policy and regulation impacting the operation of multifamily projects in Ohio. Agenda: Welcome and Introductions OHFA Updates Overview of Recent Changes […]

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 […]

On June 1, POAH acquired 20 properties with over 1,000 affordable apartments in Ohio and Kentucky from The Model Group (TMG), a for-profit development company with deep roots in Cincinnati.

Ohio Housing Finance Agency published the following updates for property owners who are interested in utilizing the Income Averaging (AI) set aside. Final IA Policy. Final IA election requirements are new set forth in the 2019 Technical Amendments to the Qualified Allocation Plan and cover topics like opt-in timing, resyndication implications, design requirements, and compliance […]

OHFA is specifically seeking feedback on the Affordable Assisted Living policy contained in the Underwriting & Implementation Guidelines, including whether to reduce, modify, or eliminate limitations to the Medicaid Waiver component.