The Ohio Housing Finance Agency (OHFA) Board said farewell to a cherished member on January 16. Roger McCauley actively participated in the development of the Agency's Annual Plan and has been recognized as an advocate for affordable housing since taking a seat on the Board in February 1983. The Board celebrated McCauley's 30 years of dedicated service, devotion and support and named the Board Room in his honor.
OHFA finished 2012 with a successful Ohio Housing Conference, held in Columbus November 26-29. Organized by OHFA and the Ohio Capital Corporation for Housing (OCCH), the 14th annual conference set a new attendance record with more than 1,600 affordable housing professionals from across Ohio and 27 states. More importantly, verbal and written comments made by many attendees indicated they were very pleased with the quality of educational and networking opportunities available at the event.
The Ohio Auditor of State completed its work in September on OHFA's performance audit, required by Senate Bill 4 passed in April 2011. The Agency was selected as one of the first state agencies to undergo this type of audit along with the departments of Education, Jobs and Family Services, and Transportation. Implementation of the audit's recommendations to help improve the Agency’s management and administration of programs is well underway.
OHFA announced the lowest fixed mortgage interest rates in the Agency's history for its First-Time Homebuyer Program in October. OHFA strives to provide the finest mortgage products to help Ohioans with low- to moderate-incomes purchase a new home with affordable and secure financing. I am extremely proud of the Agency and its work to provide Ohio families with the opportunity to open the doors to an affordable place to call home.
The State of Ohio's foreclosure prevention program, Save the Dream Ohio, announced program enhancements on February 1. These improvements will assist OHFA in helping more Ohioans in need of assistance through this invaluable program. Since the program's inception, OHFA has distributed more than $105 million on behalf of 8,800 homeowners. Ohio ranks third in the nation in terms of the funds distributed among the 18 states participating in U.S. Treasury's Hardest Hit Fund.
Douglas A. Garver
Ohio Housing Finance Agency