Ohio
Ohio Offers Additional Nine Percent LIHTCs for Construction Increases
The Ohio Housing Finance Agency (OHFA) Board of Directors approved an addendum to the 2020-2021 QAP intended to address financing gaps faced by developments due to escalating lumber prices and other increasing material and supply costs. OHFA is setting aside LIHTCs and Housing Development Loan (HDL) funding for developments that were awarded competitive nine percent LIHTCs in 2019 and 2020. Additional funding awards will be made on a first come, first served basis.
Comments on Ohio’s Draft 2022-2023 QAP Due July 2
The Ohio Housing Finance Agency posted a partial draft of its 2022-2023 QAP. Comments can be sent to QAP@ohiohome.org by July 2.
Ohio Offers Additional Nine Percent LIHTCs, Loans from Rising Construction Costs
The Ohio Housing Finance Agency is making additional nine percent LIHTCs and Housing Development Loan (HDL) funding available to 2019 and 2020 LIHTC deals struggling with increase construction costs.
Ohio Call to Action
The Coalition on Homelessness and Housing in Ohio, as well as the Ohio Housing Council are leading a sign-on letter opposing a budget amendment that would require auditors to value LIHTC properties and other properties receiving federal subsidies to be valued as market-rate properties without regard to governmental use restrictions.
Ohio 2022-2023 QAP Concept Memo
The Ohio Housing Finance Agency (OHFA) has posted a memo outlining concepts that may appear in the first draft of the 2022-2023 QAP to be published in June. Comments should be sent to QAP@ohiohome.org by June 2 to allow for consideration in advance of release of the first draft.
Ohio Hosts 2020 Enterprise Green Communities Workshop June 16
The Ohio Housing Finance Agency will hold a webinar from 2 to 3 p.m. ET on June 16 on Enterprise’s 2020 Green Communities Criteria.
Ohio Launches Pilot Lease Purchase Loan Fund
The Ohio Housing Finance Agency (OHFA) is collaborating with CHN Housing Partners to establish and administer a LIHTC Lease Purchase Loan Fund that will provide first mortgage financing to residents of lease purchase homes who are unable to obtain financing through a private lender.
Upcoming Ohio Compliance Trainings
The Ohio Housing Finance Agency will host the following upcoming trainings…
Ohio Annual Plan and QAP Forum – May 5
The Ohio Housing Finance Agency will hold a hearing on its Housing Needs Assessment, Annual Plan and 2022-2023 QAP from 1 to 3 p.m. ET on May 5. Register here.
Ohio, MAHMA Roundtable Discussion – April 8
The Ohio Housing Finance Agency and Midwest Affordable Housing Management Association (MAHMA) will hold a virtual roundtable discussion with other affordable housing industry leaders to discuss hot topics, such as Average Income, HFA inspections, fair-housing and legislation impacts.
Ohio Updated PY21 HDGF Guidelines
The Ohio Housing Finance Agency (OHFA) made several updates to the previously released PY21 Housing Development Gap Financing (HDGF) Guidelines to address applicants seeking funding from the Federal Home Loan Bank’s Affordable Housing Program.
Ohio Publishes Final 2021 HDGF, Draft Bond Gap Financing Guidelines; Consolidated Plan Hearing March 11
The Ohio Housing Finance Agency (OHFA) published the final Program Year 2021 Housing Development Gap Financing (HDGF) Guidelines. The HDGF program will award Ohio Housing Trust Funds and National Housing Trust Funds to affordable housing developments consisting of four to 24 units. OHFA will begin accepting Intents to Apply from applicants on May 3, 2021.