The Ohio Housing Finance Agency (OHFA) has announced that more time is needed to consider proposed changes to the QAP’s underwriting standards, as well as other proposed changes. In addition to revising the underwriting standards, OHFA will consider the following modifications to the 2012 QAP:
- Creating a quantifiable review process using existing policy statements and criteria while preserving the role of staff judgment;
- Setting a senior housing unit target;
- Reinstating geographic pools while allowing for flexibility for placement in the pools;
- Setting a regional distribution unit target;
- Reducing the preservation pool by a moderate amount; and
- Revising and clarifying application deadlines and submission requirements.
