Ohio

The Ohio Housing Finance Agency has announced a public hearing to obtain input from affordable housing stakeholders and other interested parties.

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

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.

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.

UPDATE: Due to the recent inclement weather, OHFA cancelled the two training sessions originally scheduled for October 30, 2012.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 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 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The Ohio Housing Finance Agency announced several updates for its multifamily housing development programs.

The Ohio Housing Finance Agency (OHFA) has announced three major updates for its development partners.

The Ohio Housing Finance Agency (OHFA) will host an architectural technical roundtable to gather comments and suggestions related to Expected Useful Life standards.

On July 18, the Ohio Housing Finance Agency (OHFA) Board approved the final draft of the 2013 QAP. The changes made from the 2012 QAP were meant to improve clarity throughout the document, create a more transparent scoring process and integrate external suggestions to avoid unintended consequences.

The Ohio Housing Finance Agency (OHFA) is seeking public comment on its 2012-2013 Multifamily Bond Gap Financing Guidelines draft. Notably, the guidelines have been updated to include a competitive selection process.