2019 Tax Credit Application Updates 
Frequently Asked Questions

The deadline to submit Frequently Asked Questions was December 28, 2018. The Final FAQ document has been posted to the Housing Tax Credit web page. Questions related to the AHFA or other minor clarifications can still be submitted to QAP@ohiohome.org.

AHFA Updates

The current version of the AHFA (dated 11.28.18) can be found on the Guidelines, Applications and Forms page. Several errors have been brought to our attention, but none are resulting in a new version of the AHFA. Please continue to the use the 11.28.18 version and the items below will be reviewed by the analyst upon submission to OHFA.

  • Budget & Costs tab
    • The category for cells C116-C123 is currently titled “Owner-Paid Common Area Utility”. The correct title is “Owner-Paid Utilities for Common Areas and Units”.
  • Scoring tabs (New Affordability and Preserved Affordability)
    • Local Partners
      • One of the drop-down options for Non-Profit Name references a broken link, so it will populate a #REF! error if that option is relevant to the project.
  • Scoring tabs (New Affordability only)
    • Extremely Low Income Targeting
      • The points for the Income Average option are incorrectly auto-populating. They currently auto-populate five points. The correct point total for the Income Average option is ten points. (QAP, p. 49)

Upcoming Deadlines

The following deadlines are quickly approaching:

  • January 18 – Recommended deadline to commission market studies; Deadline to submit requests for exceptions; AND Deadline to submit 811 pre-approval applications.
  • February 21 – Deadline to submit proposal applications to OHFA, due no later than 5:00 p.m. ET.

Application Resources 

Don’t forget that all of the documents needed to prepare and submit an application in February can be found on OHFA’s website:
2019 Program Guidelines
PP&D staff is in the process of reviewing and revising guidelines for several programs. Below are the guidelines under review and the estimated dates they will be presented to the OHFA Multifamily Committee. Drafts of each guideline document will be posted on the program-specific web page in advance of the noted meeting date.

Multifamily Lending Program: Draft guidelines will be presented at the January 9, 2019 meeting. The 2018 MLP Guidelines can be found here.

Housing Development Gap Financing: Draft guidelines will be presented at the February 13, 2019 meeting. The 2018 Consolidated HDAP Guidelines can be found here.

Bond Gap Financing: Draft guidelines are planned to be presented in late winter/early spring 2019. The 2018 Consolidated HDAP Guidelines can be found here.

Housing Development Loan program: Draft guidelines are planned to be presented in early spring 2019. The 2015 HDL Guidelines can be found here

Additionally, the Ohio Development Services Agency is in the process of drafting the PY 2019 Ohio Consolidated Plan. As part of this process, OHFA will be reviewing the HDAP sections of the Plan which include HOME, OHTF, and NHTF throughout the month of January. As the

NHTF Allocation Plan is part of this document, the PY 2019 NHTF Allocation Plan will be developed in concert with the Consolidated Plan and presented to the MF Committee as a draft in February.

A public hearing for the Draft PY 2019 Ohio Consolidated Plan is scheduled for March 8, 2019. More information can be found on the ODSA Ohio Consolidated Plan web page.

While more formal public feedback processes are still being developed, comments on the aforementioned documents are accepted at any time and can be emailed to Diane Alecusan at DAlecusan@ohiohome.org.