Ohio
Ohio Posts Housing Tax Credit Materials
New supplemental materials, including Exceptional Development Characteristics Narrative Forms, the Competitive Scoring Summary, the 2016 Design and Construction Features Agreement, the CHDO Financial Capacity Letter, the Exception Request Form and the Construction Monitoring Form and Instructions, are now available on the OHFA website.
OHFA Promotes Kelan Craig to Director of Planning, Preservation, and Development
Ohio Housing Finance Agency announced that Kelan Craig, Business Manager, has been promoted to Director of Planning, Preservation and Development.
Ohio Capital Corporation for Housing Announces New Leadership and Staff Promotions
OCCH welcomed Andy Lee as Vice President of Fund Management. The organization also announced several promotions: Beth Long and Brad Carman to Senior Development Analysts; Lori McMillan to Vice President, Fund Management; and Millie Davis and Wolfgang Teran to Vice Presidents of Ohio Capital Finance Corporation. Lisa Patt-McDaniel, former Director of Community Development at OCCH, is serving as an “Executive on Loan” to the Affordable Housing Trust of Columbus and Franklin County as they create a new CDFI organization at the Trust.
Ohio Releases Mandatory Lease Addendum for LIHTC Properties
OHFA revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC projects. The revised lease must be used by owners/property managers effective January 1, 2016.
Ohio Provides Update on Permanent Loan Program for Multifamily Affordable Rental Housing
Since opening the application for OHFA’s new permanent loan program, six developments were successfully brought through the OHFA Board approval process, comprising a total investment of $6.6 million and impacting the development of 451 units.
IRS Divides $2.59M of Unused 2015 LIHTCs Among 30 States
The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.
HUD Multifamily Affordable Housing Preservation Clinics Planned for Mid-Atlantic and Ohio
HUD will host a Multifamily Affordable Housing Preservation Clinic in Columbus, OH, on November 9 and in Washington, DC, on December 9.
Ohio Releases 2016-17 Competitive Scoring Summary, Review Tools
The 2016-2017 Competitive Scoring Summary and Competitive Review Tools are now available on the 2016-2017 QAP page. The 2016-2017 AHFA (Excel application) will be available soon. A new Policy Map Scoring Tool has also been developed to assist our development partners in planning for proposal applications. Applicants can enter addresses of potential sites or adjacent […]
Ohio Announces New Monitoring Procedures for Extended Use Properties
OHFA announced new monitoring procedures for Extended Use properties. Effective January 1, 2016, properties in the Extended Use period (between 16 and 30 years of compliance), will have both physical and file reviews conducted on either a three- or five-year rotation cycle.
Ohio Announces Dates for Housing Tax Credit Compliance Training
Ohio Housing Finance Agency’s (OHFA) Compliance Training focuses primarily on the basics of compliance for the Housing Tax Credit program (also known as the HTC program). Because compliance rules and procedures are frequently updated, the course is beneficial for individuals new to the Housing Tax Credit program as well as seasoned veterans.
Ohio Posts Final Drafts for 2016-17 Multifamily Underwriting and 2016 Multifamily Lending Guidelines
The final draft of the 2016-2017 Multifamily Underwriting Guidelines will be reviewed by the OHFA Board for approval on Wednesday, August 19. The final draft will be available on the OHFA website on Monday, August 17. The final draft of the 2016 Multifamily Lending Program Guidelines was approved by the OHFA Board on Wednesday, July […]
Ohio Posts Bond Gap Financing Program Guidelines and Application due Oct 1
The 2015 Bond Gap Financing Program (BGF) Guidelines were approved by the OHFA Board on Wednesday, June 17. The final drafts of the BGF Guidelines and the BGF Application and Index are available on the OHFA website.