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The goal of the Housing Development Assistance Program (HDAP) is to provide financing for eligible affordable housing projects to expand, preserve, and/or
improve the supply of decent, safe, affordable housing for very
low- to moderate-income persons and households in the State of Ohio. The HDAP program consists of Housing Credit Gap Financing (HCGF) for tax credit projects and Housing Development Gap Financing (HDGF) for projects that do not apply for housing tax credits.
The HDAP will use the following resources for providing financial
assistance to eligible projects. Funds may be awarded in the form
of a loan or a grant.
HOME Investment Partnerships Funds: Federal regulations
relating to environmental review, federal wage rates, federal accessibility,
federal acquisition and relocation laws [URA and Section 104(d)],
long-term affordability, etc., apply.
Ohio Housing Trust Fund (OHTF): The OHTF provides
funding to HDAP projects predominantly serving low- to moderate-income
households with incomes at or below 50% of the area's median income.
The OHTF gives preference to those projects that benefit households
with incomes at or below 35% of the area median income for the county
in which the project is located, as established by the U.S. Department
of Housing and Urban Development (HUD). Applicants receiving an
award of OHTF dollars may be subject to State of Ohio Prevailing
Wage Rate rules.
HDAP applicants can be private for-profit housing developers, not-for-profit
501(c)(3) and 501(c)(4) organizations, and public housing authorities
proposing to develop affordable for-sale homes, provide new affordable
rental housing opportunities, or preserve affordable at-risk housing.
Entities receiving an award of HDAP funds must act as the majority/controlling
partner, sole owner, or a general partner/managing member during
the entire construction phase. OHFA must approve any changes to
the HDAP recipient (applicant) after the construction phase.
Regardless of the funding source, to be eligible for
funding, religious organizations and their subsidiaries/affiliates
must meet the provisions in 24 CFR Part 92.257, as amended September
2003.
Local governments are not eligible for HDAP funding.
HDAP resources may only be applied in the development budget toward
non-related third party acquisition, hard costs associated with new construction
or rehabilitation, and developer fees associated with the proposed
development. If market rate housing and/or commercial spaces are
involved in the proposed development, costs associated with creating
the market rate housing and/or commercial spaces cannot be paid
using HDAP funds. Development budget line items that can be paid
for using HDAP funds include:
- acquisition of land and/or building(s) (from unrelated parties only)
- demolition (not applicable for preservation projects)
- on-site improvements
- construction and/or renovation costs including construction
fee items, construction contingency, and contractor overhead and
profit (excluding costs associated with construction of commercial
property)
- furnishings and appliances
- architectural and engineering fees
- developer fees and developer overhead
- consultant fees
- legal fees
Other development budget expenses must be covered by
sources of financing other than HDAP.
Prospective applicants apply for funds by submitting an Affordable
Housing Funding Application (AHFA) to OHFA. The AHFA provides a
single point of entry for developers seeking various resources for
the development of affordable housing from OHFA.
The Housing Development Assistance Program guidelines
and application are available for downloading at the Files Available
for Downloading page. The AHFA is in MS Excel format and is available
on disk upon request by contacting the Office of Planning, Preservation
and Development at (614) 466-0400.
Two versions of the AHFA will be distributed:
The AHFA is used for those applying for gap financing in the Housing Credit Gap Financing Program. Applications
may be available for the following OHFA programs:
Housing Development Loan Program
 • Seed Money Loan
• Construction Deposit Loan
• Direct Loan
• Equity Bridge Loan
• Loan Guarantee
The AHFA 2 is used for those applying for HDAP
through the Housing Development Gap Financing Program (but not applying for financing through the Housing
Credit Program). Projects using the AHFA2 will apply for:
• Homeownership
Development
• Rental Development
• Preservation
Applications must be mailed or hand delivered to the following address:
Ohio Housing Finance Agency
Office of Planning, Preservation and Development
57 East Main Street
Columbus, Ohio 43215
Questions concerning the Housing Development Assistance Program
should be directed to HDAP staff via telephone at (614) 466-0400
or via email to:
Applicants who are awarded HDAP funding will be required to sign
a Funding Agreement containing the terms under which they can receive
HDAP funding. An instruction sheet explaining how to close the HDAP
loan or grant will be attached to the signed Funding Agreement.
Questions concerning closing the HDAP award should be
directed to the loan closing staff via telephone at (614) 466-0400
or via email at:
This summary is
an excerpt from the Housing Development Assistance Program guidelines.
The complete guidelines and application are available for downloading.
If you need further information, contact the Office of Planning,
Preservation and Development at (614) 466-0400.
The Housing
Development Assistance Program guidelines may be subject to change
in the future pending developments in state legislative requirements
and/or Agency policy. OHFA reserves the right to make changes or
amendments to these guidelines at any time and to limit loan funding
based on funding availability.
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