Ohio
Ohio Posts BGF FAQ, CDBG-DR Comments Due August 9
The Ohio Housing Finance Agency (OHFA) updated its Bond Gap Financing (BGF) Frequently Asked Questions document. OHFA also released is draft program year 2020 Community Development Block Grant – Disaster Recovery (CDBG-DR) Action Plan for comment. Comments should be submitted to [email protected] by August 9.
Ohio Schedules 2021 QAP Update
Join Ohio Housing Finance Agency for a webinar presentation overviewing the first draft of 2021 Qualified Allocation Plan technical revisions on July 15 from 1:00 pm to 2:30 pm.
Ohio Schedules Enterprise Green Communities Work Shop for July 9
Ohio Housing Finance Agency (OHFA) will host an online workshop on July 9 (1:00 pm to 4:00 pm ET) to discuss how to move through design and construction to operations with the Enterprise Green Communities Criteria for projects in Ohio.
Comments on Ohio’s 2021 QAP Due July 30
The Ohio Housing Finance Agency released the first draft of its 2021 QAP. The 2021 QAP is meant to primarily address technical revisions only; as such certain items will not be addressed or modified in this version to maintain as much consistency as possible with the 2020 QAP. Comments should be sent to [email protected] by […]
Ohio Upcoming Deadlines, AHFA Updates and QAP Timeline
The Ohio Housing Finance Agency (OHFA) posted an updated Affordable Housing Funding Application (AHFA) The Instructions tab of the AHFA includes a list of the updates made. The LIHTC rents and Qualified Census Tracts were updated to reflect 2020 values, Bond Gap Financing (BGF) submission requirements and scoring sheets added and several other changes incorporated.
Responsible RestartOhio Signs, Posters Available
The Ohio Department of Health launched a Responsible RestartOhio campaign aimed at protecting the health of employees, customers and their families; supporting community efforts to control the spread of the virus; and, leading in responsibly getting Ohio back to work.
Ohio Urges Against Rent Increases, Extends Recertification Protocol through June
The Ohio Housing Finance Agency (OHFA) strongly encourages that owners and management companies of housing projects financed in whole or in part by the agency, suspend all rent increases while Governor Mike DeWine’s COVID-19 State of Emergency or the President’s Major Disaster Declaration remain in effect.
Ohio Extends Bond Gap Financing Comment Deadline to May 1, Accepts HDGF starting May 4
The deadline to submit comments on Ohio Housing Finance Agency’s (OHFA) Draft Bond Gap Financing Guidelines has been extended from April 24 to May 1. On May 4, OHFA will begin accepting a Notice of Intent to Apply and Exception Requests for the 2020 Housing Development Gap Financing program.
Ohio Cash Flow Repayment Waivers & MLP Forbearance Initiative
The Ohio Housing Finance Agency (OHFA) is offering Cash Flow Loan Repayment Waivers for 2019 repayments.
Ohio Compliance Updates
Household stimulus payments provided by the CARES Act are not to be included in calculations of income. (issued by states) are to be treated as income, as is customary under program rules. The Ohio Housing Finance Agency is providing an initial 30-day correction period for Annual Owner Certifications (AOC).
Ohio to Offer Carryover Allocation Relief
The Ohio Housing Finance Agency (OHFA) will grant Carryover Allocation relief to eligible projects on a case-by-case basis. To be eligible, projects must have a demonstrated and documented need and must meet the requirements outlined in Rev. Proc. 2014-49.
Ohio BGF Guidelines, Competitive HTC timing, and Consolidated Plan Updates
Ohio Housing Finance Agency’s (OHFA) draft 2020 Bond Gap Financing (BGF) program guidelines are now available. The BGF program is geared toward developers using non-competitive (four percent) credits in conjunction with multifamily bonds. Comments on the draft guidelines can be sent to [email protected] and will be accepted through April 24, 2020.