Ohio
OHFA Issues Income Averaging Updates
Ohio Housing Finance Agency published the following updates for property owners who are interested in utilizing the Income Averaging (AI) set aside. Final IA Policy. Final IA election requirements are new set forth in the 2019 Technical Amendments to the Qualified Allocation Plan and cover topics like opt-in timing, resyndication implications, design requirements, and compliance […]
Ohio Releases Draft QAP, Underwriting Guide, and Design Standards
OHFA is specifically seeking feedback on the Affordable Assisted Living policy contained in the Underwriting & Implementation Guidelines, including whether to reduce, modify, or eliminate limitations to the Medicaid Waiver component.
Ohio Anticipates Second Round Bond Gap Financing
OHFA anticipates hosting a second BGF round with final applications due no later than November 2, 2018.
Ohio Hosts QAP Public Forum July 10, Comments Due Aug. 1
Read on for a summary of proposed major changes to the QAP.
Ohio Releases Proposed Income Averaging Policy, Comments Aug. 1
OHFA is also evaluating whether pre-2018 developments will be eligible for this option.
Ohio Housing Conference Nov. 6-8
Save the date for this year’s Ohio Housing Conference, Laying the Foundation for a Better Future! This year’s conference will take place from November 6 to November 8, 2018, at the Greater Columbus Convention Center.
Ohio Allocates $28 Million in Housing Tax Credits, 15 Developments in High-Opportunity Neighborhoods
At its May 16, 2018, meeting, the Ohio Housing Finance Agency (OHFA) Board announced the recipients of the 2018 Housing Tax Credit (HTC) program awards, used to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Ohio. Over $28 million in 10-year federal housing tax credits were awarded to 37 developments to create […]
Ohio Revises Restrictive Covenant Modifications and Qualified Contract Requests
Both policy revisions became effective on March 5. Read on for a summary of changes, which include no longer accepting requests for multifamily covenant releases.
Ohio Hosts Training for Gap Financing Program, Registration Open
Registration is open through March 22, but seating is limited, so save your seat now.
Ohio Posts LIHTC Application Summaries
A compiled list of all applications can also be downloaded from OHFA’s Funding Announcements page.
Ohio Accepting Suggestions on Opportunity Zones (Due March 2)
ODSA requests nominators provide their contact information and identify the census tract by number, as well as a brief narrative about economic activity, current or committed, in the tract.
Ohio: Potential Application Issues for Mixed-Income and Mixed-Use Developments
Ohio Housing Finance Agency released a memorandum identifying all known bugs in the 2018 Affordable Housing Funding Application (AHFA). All of these are stylistic or usability enhancements that do not impact scoring or financial underwriting, with the exception of two issues that can impact developments that contain market rate units or commercial space. For both […]