Ohio

OHFA announced new monitoring procedures for Extended Use properties. Effective January 1, 2016, properties in the Extended Use period (between 16 and 30 years of compliance), will have both physical and file reviews conducted on either a three- or five-year rotation cycle.

Ohio Housing Finance Agency’s (OHFA) Compliance Training focuses primarily on the basics of compliance for the Housing Tax Credit program (also known as the HTC program). Because compliance rules and procedures are frequently updated, the course is beneficial for individuals new to the Housing Tax Credit program as well as seasoned veterans.

The final draft of the 2016-2017 Multifamily Underwriting Guidelines will be reviewed by the OHFA Board for approval on Wednesday, August 19. The final draft will be available on the OHFA website on Monday, August 17. The final draft of the 2016 Multifamily Lending Program Guidelines was approved by the OHFA Board on Wednesday, July […]

The 2015 Bond Gap Financing Program (BGF) Guidelines were approved by the OHFA Board on Wednesday, June 17. The final drafts of the BGF Guidelines and the BGF Application and Index are available on the OHFA website.

After a threat to the Ohio Historic Preservation Tax Credit program during budget deliberations, the Ohio Senate officially passed a budget bill that includes the Ohio Historic Preservation Tax Credit. According to Preservation Action, Ohio Senate Republicans said they still want to study the possibility of converting the tax credit into a grant program later. […]

The Ohio Office of Planning, Preservation and Development announced the 2015 Housing Tax Credit program awards! More than $30 million in annual credits were awarded to 40 developments supporting the financing of more than 2,500 units of affordable housing across the state of Ohio. The 2015 recipients were chosen from more than 100 applicants seeking […]

During ongoing state budget discussions, the Ohio Senate proposed legislation that would put the state’s historic tax credit program on pause for two years. The provision would prevent the Ohio Development Services Agency from issuing rehabilitation tax credit certificates. Following backlash from advocates and developers, Senate Republicans decided to remove the provision.

The Ohio Housing Finance Agency Office of Planning, Preservation and Development has released the final draft of the 2016-2017 Qualified Allocation Plan. The final draft of the QAP will be presented to the Board of the Ohio Housing Finance Agency on Wednesday, June 17 for final consideration and approval.

The Ohio Office of Planning, Preservation and Development released the final draft of the2016-2017 Qualified Allocation Plan. This plan will be presented to the Board of the Ohio Housing Finance Agency on Wednesday, June 17 for final consideration and approval.

Ohio Housing Finance Agency will host on Friday, May 15 its final public forum for the 2016-2017 QAP at the Ohio Department of Transportation Auditorium (1980 W. Broad Street, Columbus, OH) from 11:00 AM – 1:00 PM. Registration is not required.

OHFA released preliminary reviews of the 2015 Housing Tax Credit Proposal Round (both scores and underwriting reviews) on Thursday, April 23. Applicants have two weeks to review the information and address issues identified. Responses must be received by OHFA no later than 5:00 PM on Thursday, May 7, 2015.

Ohio Housing Finance Agency (OHFA) anticipates releasing preliminary reviews of 2015 Housing Tax Credit proposals (both scores and minimum financial evaluations) by 12:00 PM on Thursday, April 23. Applicants will have two weeks to review the information and appeal any decisions that have been presented.