Ohio

Ohio Posts New Affordable Housing Funding Application Posted for Fall Bond Gap Financing Applications

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 […]

POAH Acquires More than 1,000 Affordable Apartments in Ohio and Kentucky

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.

OHFA Issues Income Averaging Updates

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 […]

Ohio Releases Draft QAP, Underwriting Guide, and Design Standards

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.

Ohio Anticipates Second Round Bond Gap Financing

OHFA anticipates hosting a second BGF round with final applications due no later than November 2, 2018.

Ohio Hosts QAP Public Forum July 10, Comments Due Aug. 1

Read on for a summary of proposed major changes to the QAP.

Ohio Releases Proposed Income Averaging Policy, Comments Aug. 1

OHFA is also evaluating whether pre-2018 developments will be eligible for this option.

Ohio Housing Conference Nov. 6-8

Save the date for this year’s Ohio Housing Conference, Laying the Foundation for a Better Future! This year’s conference will take place from November 6 to November 8, 2018, at the Greater Columbus Convention Center.

Ohio Allocates $28 Million in Housing Tax Credits, 15 Developments in High-Opportunity Neighborhoods

At its May 16, 2018, meeting, the Ohio Housing Finance Agency (OHFA) Board announced the recipients of the 2018 Housing Tax Credit (HTC) program awards, used to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Ohio. Over $28 million in 10-year federal housing tax credits were awarded to 37 developments to create […]