Ohio
OHFA Updated their FAQs for the 2014 Ohio QAP
Ohio Housing Finance Agency updated their Frequently Asked Questions for the 2014 Ohio QAP.
UPDATE – Ohio 2014 QAP: Final Draft QAP Released
The Ohio Housing Finance Agency (OHFA) released the final draft 2014 Qualified Allocation Plan (QAP).
IRS Sets State Credit Ceilings for 2014
The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.
Ohio Issues New Draft Multifamily Underwriting Guidelines
The Ohio Housing Finance Agency has issued a new draft of its Multifamily Underwriting Guidelines. Notable changes include increasing the Developer’s Fee for 4% Housing Tax Credit Projects to increase basis.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.
OHFA Revises Guidelines for Bond Gap Financing Program
The Ohio Housing Finance Agency (OHFA) recently released a draft of the 2013 Bond Gap Financing (BGF) program guidelines for public comment and review.
Ohio Historic Tax Credit Program 2012 Annual Report Released
The Ohio Development Services Agency recently released an annual report on the Ohio historic preservation tax credit program.
Ohio Releases Drafts of 2013 Gap Financing and Capital Improvement Program Guidelines
The Ohio Housing Finance Agency (OHFA) has released a Housing Credit Gap Financing (HCGF) Guidelines draft.
Ohio Announces Annual Public Hearing for 2013 Fiscal Year
The Ohio Housing Finance Agency has announced a public hearing to obtain input from affordable housing stakeholders and other interested parties.
Ohio Announces Changes to LIHTC Funding Availability & Gap Financing Programs
Following the passage of The American Taxpayer Relief Act and the resulting extension of the 9 percent credit rate to allocations made before January 1, 2014, the Ohio Housing Finance Agency has announced that low-income housing tax credit applicants may use the 9% credit rate in its estimations for their 2013 housing tax credit amount. OHFA also announced the gap financing resources that will be available to applicants in 2013
Ohio Releases 2013 Affordable Housing Funding Application
The Ohio Housing Finance Agency has released its 2013 Affordable Housing Funding Application (AHFA) and supporting materials for applicants of the Low-Income Housing Tax Credit (LIHTC) program, Housing Development Assistance program and the Housing Development Loan program.
Ohio Senate Passes NMTC Extension, Amends Program
The Ohio Senate recently passed Senate Bill (SB) 327, which was originally introduced in April 2012. The bill would extend the state’s New Markets Tax Credit program and raise the tax credit cap from $10 million to $50 million.