Ohio

Ohio Department of Medicaid (ODM) has made available approximately $3 million in funding for 15-year operating subsidies in new housing tax credit projects awarded through the 2016 and 2017 Housing Tax Credit program allocation years.

Recipients of 2015 Housing Tax Credit allocations will utilize the 2015 DDA or 2015 QCT designations or the state designations listed in 2015 Basis Boost Policy in the 2015 QAP. Applicants seeking 2016 Housing Tax Credits will utilize the 2016 DDA and QCT designations. 4% Housing Tax Credit applicants whose bonds are issued and building is placed in service on or after July 1, 2016 will utilize the 2016 DDA and QCT designations.

OHFA has released the 2015 Draft Ohio QAP for public review and comments. The annual public hearing for the 2015 QAP will be held on Wednesday, August 20, 2014. Comments may be emailed to [email protected].

The purpose of the FAQ is to clarify commonly asked questions concerning the 2016-17 QAP and issue guidance related to OHFA’s interpretation of its program guidelines.

New supplemental materials, including Exceptional Development Characteristics Narrative Forms, the Competitive Scoring Summary, the 2016 Design and Construction Features Agreement, the CHDO Financial Capacity Letter, the Exception Request Form and the Construction Monitoring Form and Instructions, are now available on the OHFA website.

Ohio Housing Finance Agency announced that Kelan Craig, Business Manager, has been promoted to Director of Planning, Preservation and Development.

OCCH welcomed Andy Lee as Vice President of Fund Management. The organization also announced several promotions: Beth Long and Brad Carman to Senior Development Analysts; Lori McMillan to Vice President, Fund Management; and Millie Davis and Wolfgang Teran to Vice Presidents of Ohio Capital Finance Corporation. Lisa Patt-McDaniel, former Director of Community Development at OCCH, is serving as an “Executive on Loan” to the Affordable Housing Trust of Columbus and Franklin County as they create a new CDFI organization at the Trust.

OHFA revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC projects. The revised lease must be used by owners/property managers effective January 1, 2016.

Since opening the application for OHFA’s new permanent loan program, six developments were successfully brought through the OHFA Board approval process, comprising a total investment of $6.6 million and impacting the development of 451 units.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

HUD will host a Multifamily Affordable Housing Preservation Clinic in Columbus, OH, on November 9 and in Washington, DC, on December 9.

The 2016-2017 Competitive Scoring Summary and Competitive Review Tools are now available on the 2016-2017 QAP page. The 2016-2017 AHFA (Excel application) will be available soon. A new Policy Map Scoring Tool has also been developed to assist our development partners in planning for proposal applications. Applicants can enter addresses of potential sites or adjacent […]