Ohio

The due date is nearing for developers constructing or rehabilitating affordable housing statewide to apply for an allocation of 4% housing tax credits.

OHFA intends to award and administer Rental Assistance Contracts (RAC) to eligible owners of multifamily rental properties funded by OHFA’s Housing Tax Credit Program.

OHFA announced that effective July 1, 2016, new requests for a consumption based utility allowance will not be accepted. Owners who have requested a consumption based allowance prior to July 1 are exempt from this suspension.

Development teams will then have until Friday, May 20, 2016 to provide feedback regarding these preliminary scores and underwriting issues and assist OHFA in ensuring that all competitive categories have been accurately scored.

OHFA has begun soliciting public input for the NHTF Allocation Plan, starting with the NHTF Public Forum held on Thursday, February 25. OHFA will also hold three smaller working groups in March, April and May.

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 2015QAPMailbox@ohiohome.org.

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.