Ohio

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 […]

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.