The Ohio Housing Finance Authority has announced the availability of up to $4.5 million in gap financing for multifamily tax-exempt bond projects through the Housing Development Assistance Program. The source of funds for this program will be the Ohio Housing Trust Fund (OHTF) and Financial Adjustment Factor (FAF) program. In addition, OHFA has released its 2011-2012 Multifamily Gap Financing Guidelines. Information must be submitted to OHFA no later than 5:00 p.m. on February 21, 2012.
To view the Multifamily Gap Financing Guidelines, click here.