Ohio Housing Finance Agency

Request for Proposals Available for a Special Servicer

Mon, 26 Jul 2010 08:27:10 -0400

The Ohio Housing Finance Agency (OHFA) is seeking proposals from qualified companies for a Special Servicer for the Ohio Hardest Hit Fund (HHF) as specified in this Request for Proposal (RFP). The Special Servicer will collect, report and transmit payments from homeowners who have been approved to participate in the Ohio HHF Program. OHFA intends to select a Special Servicer for the period from September 27, 2010 through December 31, 2013. Proposals are due August 19, 2010 at 5 p.m.

OHFA's 2010 Summer Newsletter is now available to view or download

Tue, 20 Jul 2010 09:30:18 -0400

Catch up with the latest news and happenings by accessing OHFA's summer newsletter.

Request for Qualifications for Housing Counseling Agencies Now Available

Wed, 7 Jul 2010 13:23:54 -0400

The Ohio Housing Finance Agency (OHFA) is seeking proposals from qualified HUD Approved Housing Counseling Agencies located in the state of Ohio to provide services for the Ohio Hardest Hit Fund (HHF) program as specified in this Request for Qualifications (RFQ). OHFA intends to select HUD Approved Housing Counseling Agencies for the period of October 1, 2010, through September 30, 2011.

Request for Proposals Available for Printing Services

Wed, 7 Jul 2010 12:34:57 -0400

The Ohio Housing Finance Agency (OHFA) is seeking proposals from qualified companies to provide printing services to OHFA as specified in this Request for Proposal (RFP). The printing services provided will be in accordance with all applicable brand standards, guidelines, regulations, and policies established by OHFA. Proposals must be submitted no later than 5:00 p.m., Wednesday, August 4, 2010 EDT.

OHFA Closes Second Multifamily Bond Transaction Under Obama Administration's Treasury/GSE HFA Initiative

Tue, 6 Jul 2010 12:23:46 -0400

The Ohio Housing Finance Agency (OHFA) recently issued $5.9 million of tax exempt bonds on behalf of LPA Associates Limited Partnership. The proceeds of the bonds will be used to finance the acquisition and rehabilitation of a multifamily residential rental facility in Cleveland, Ohio.

OHFA Awards Over $19M in Tax Credits for Affordable Housing in Ohio

Thu, 1 Jul 2010 13:53:40 -0400

The Ohio Housing Finance Agency (OHFA) today announced the 2010 Housing Tax Credit Program recipients who will each receive a portion $19.2 million in housing tax credits for the acquisition, development and rehabilitation of affordable housing units in Ohio. Funding was awarded to 27 developments in various target and geographic pools in 19 of Ohio’s counties.

OHFA partners with OSU for Homeownership Investment Program

Thu, 24 Jun 2010 08:33:01 -0400

Dr. Stephanie Moulton, Assistant Professor at The Ohio State University's John Glenn School of Public Affairs (OSU) was recently awarded the 2010 Engagement Impact Grant from Ohio State’s Office of Outreach & Engagement to develop and evaluate a post-purchase homebuyer education program.

OHFA Board Recognizes Outstanding Homeownership Programs in Cincinnati and Toledo, Approves $27.2M for Development of More Than 278 Units of Affordable Housing

Thu, 17 Jun 2010 09:08:54 -0400

OHFA is celebrating National Homeownership Month by honoring programs and initiatives across the affordable housing industry that demonstrate excellence and innovation. The OHFA Board also approved over $6 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA).

OHFA's Homeownership Programs Provide Quality, Affordable Housing Options for Ohioans During National Homeownership Month

Tue, 15 Jun 2010 15:48:46 -0400

OHFA’s First-Time Homebuyer Programs have supported over 130,000 low-to moderate-income families as they achieve their homeownership dream. From Down Payment Assistance, to Target Area Loans, Ohio Heroes and Mortgage Credit Certificates, OHFA’s programs are designed to incentivize Ohioans to make the transition to successful homeownership.

OHFA Celebrates the Dream of homeownership, Examines Critical Issues and Trends Impacting Affordable Housing During National Homeownership Month

Tue, 1 Jun 2010 10:25:38 -0400

June is annually recognized as Homeownership Month nationally and here in Ohio as declared by Governor Ted Strickland. In the spirit of Homeownership Month, the Ohio Housing Finance Agency (OHFA) is reaching out to communities across the state, not only to raise awareness of the diverse selection of programs available to potential homebuyers and homeowners, but also to address critical issues impacting affordable housing.

OHFA Board Approves $17.2M for Development of More Than 140 Units of Affordable Housing

Wed, 19 May 2010 14:31:38 -0400

OHFA's Board approved over $17 million of Tax Credit Exchange (TCE) dollars created in the American Recovery and Reinvestment Act (ARRA) together with more than $900,000 from OHFA’s Housing Development Assistance Program (HDAP) and $8 million from the Neighborhood Stabilization Program (NSP).

OHFA 2010 Spring Newsletter Now Available

Mon, 3 May 2010 08:16:36 -0400

The Ohio Housing Finance Agency spring 2010 newsletter is finally here! Find out about recent projects and initiatives in which the Agency has been involved as well as other industry news.

OHFA Closes its First Multifamily Bond Transaction for $5.6M Under the Obama Administration's Treasury/GSE HFA Initiative

Fri, 30 Apr 2010 10:34:14 -0400

OHFA recently issued $5.6 million of tax exempt bonds on behalf of New Hampshire House Associates, LLC. The proceeds of the bonds will be used to finance the acquisition and rehabilitation of a multifamily residential rental facility in Warren, Ohio.

OHFA Creates Affordable Housing Opportunities During Fair Housing Month in Ohio

Wed, 28 Apr 2010 15:11:34 -0400

April is annually recognized nationally as Fair Housing Month and here in Ohio as declared by Governor Ted Strickland. Fair Housing Month is a time to celebrate the progress made in opening the doors to housing regardless of race, color, gender, nationality, religion, familial status or disability.

2011 QAP Now Available

Wed, 28 Apr 2010 15:08:34 -0400

The 2011 Qualified Allocation Plan is now available. Exhibit materials will be posted shortly.

2010 HDGF Guidelines Draft

Tue, 27 Apr 2010 11:15:22 -0400

The first draft of the 2010 HDGF Guidelines is now available for review and public comment. The comment period will end on May 11, 2010.

OHFA Board Approves $22M for Affordable Housing Opportunities in the State

Fri, 23 Apr 2010 14:55:40 -0400

OHFA's Board approved over $9.3 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA), together with more than $4.1 million from OHFA’s Housing Development Assistance Program (HDAP) and $9.1 million from the Neighborhood Stabilization Program (NSP). Funding will be used to support the development of nine multifamily residential properties serving low- and moderate-income residents throughout the state.

OHFA Receives $1.3M Allocation to Support Foreclosure Prevention Counseling Efforts

Tue, 20 Apr 2010 15:25:23 -0400

OHFA announced that it will receive $1,318,451 to support foreclosure prevention counseling efforts across the state. This funding will enable local organizations to continue providing foreclosure counseling to area homeowners in danger of losing their homes.

OHFA Seeks Nominations for Outstanding Homeownership Programs

Wed, 14 Apr 2010 13:06:11 -0400

OHFA is recognizing the best in innovative and quality initiatives across the affordable housing industry with the Spirit of Homeowner Excellence Awards (SHEAs). The SHEAs seek to recognize programs aimed at helping homebuyers through consumer education, well-structured mortgage products, affordable and efficient construction, helping at-risk homeowners keep their homes, or other innovative efforts to achieve and maintain homeownership.

State Receives $172M in Federal Assistance for Ohio Homeowners Facing Foreclosure

Tue, 30 Mar 2010 10:00:06 -0400

The Ohio Housing Finance Agency (OHFA) will receive $172 million dollars in new federal funding designed to help homeowners. OHFA will work with Save the Dream Ohio partners and organizations throughout the state to administer these funds.

OHFA Board Approves Over $19.3M of Funds for Affordable Housing

Thu, 18 Mar 2010 10:36:12 -0400

OHFA’s Board approved over $19.3 million in funding for seven affordable housing developments. Approximately $11.5 million of funds approved were provided through the American Recovery and Reinvestment Act (ARRA).

Clarification on 2010 QAP Contractor's Fees and AHFA Correction

Thu, 11 Mar 2010 08:00:27 -0500

Download the latest version of the 2010 Affordable Housing Funding Application (AHFA). Updates include corrected contractor fee percentages and calculations. Access the Clarification on 2010 QAP Contractor's Fees PDF file for more information.

OHFA Continues Its Efforts to Preserve Ohio Neighborhoods

Wed, 24 Feb 2010 13:50:55 -0500

OHFA’s Board approved over $21 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA) together with more than $2 million from OHFA’s Housing Development Assistance Program (HDAP). Funding will be used to support the development of eight multifamily residential properties serving low and moderate-income residents throughout the state.

2010 Affordable Housing Funding Application (AHFA) and Program Forms

Tue, 2 Feb 2010 12:06:58 -0500

The 2010 Affordable Housing Funding Application (AHFA) is now available! Use this application to apply for housing credits and/or other affordable housing development resources available from OHFA.

2009 OHFA Year in Review

Wed, 27 Jan 2010 08:51:46 -0500

OHFA implemented creative solutions in continuing its vital work and accomplished significant achievements in 2009. Read Executive Director's report to the Board on the State of the Agency.

OHFA Board Approves More Than $53M for Property Restoration and Neighborhood Regeneration

Wed, 20 Jan 2010 15:46:02 -0500

The OHFA Board approved over $49 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA) together with more than $4 million from OHFA’s Housing Development Assistance Program (HDAP).

2011 QAP Information and Draft Timeline

Mon, 28 Dec 2009 08:53:17 -0500

OHFA's draft timeline for the 2011 housing credit allocation round.

Results of Experience and Capacity Review

Wed, 23 Dec 2009 15:05:05 -0500

OHFA has completed the review of each application submitted for the 2010 Experience and Capacity Review for the Housing Credit Program. View the list of approved organizations.

Housing Investment Fund Notice of Funding Availability (NOFA)

Thu, 17 Dec 2009 08:20:40 -0500

OHFA is pleased to announce the availability of funding through the Housing Investment Fund. The deadline for submitting letters of intent is 5 p.m. February 22, 2010.

OHFA Board Approves $15 Million for Cleveland Property Rehabilitation and New Board Member Approved

Thu, 17 Dec 2009 08:20:00 -0500

The OHFA Board approved $15 million in multifamily housing revenue bonds to be issued in an effort to revitalize a portion of Cleveland's Detroit Avenue. The Board also approved the appointment of a new board member to the Ohio Capital Corporation for Housing Board of Directors.

ARRA Review Process: 2009 Projects Update

Thu, 10 Dec 2009 09:13:34 -0500

The review schedule and approval process for the 2009 projects as outlined in the ARRA guidelines has changed.

Ohio Housing Finance Agency Launches Office of Affordable Housing Research

Mon, 7 Dec 2009 09:00:00 -0500

The Ohio Housing Finance Agency launched its Office of Affordable Housing Research to facilitate the formation and implementation of affordable housing policy and initiatives throughout the state.

Millions in Federal Stimulus Funding Benefit Ohioans Through Affordable Housing Development

Tue, 1 Dec 2009 09:54:09 -0500

More than $13 million made possible through the American Recovery and Reinvestment Act will support the creation of over 400 units of affordable housing in seven Ohio communities.

OHFA Board Approves Funding; Bolsters Affordable Housing Development

Wed, 18 Nov 2009 14:30:58 -0500

The OHFA Board approved the issuance of up to $28 million in Multifamily Mortgage Revenue Bonds to help finance the acquisition and rehabilitation of nine residential multifamily developments.

Affordable Housing Takes Center Stage During the 2009 Ohio Housing Conference

Tue, 17 Nov 2009 13:00:28 -0500

The 11th Annual Ohio Housing Conference, "Opportunities. Insights. Solutions.," gets underway today at the Greater Columbus Convention Center and runs through November 19.

Federal Stimulus Funding Breathes New Life Into Statewide Affordable Housing Initiatives

Fri, 6 Nov 2009 12:18:15 -0500

Funding made possible through the American Recovery and Reinvestment Act (ARRA) will support the creation of over 750 units of new affordable housing in 17 Ohio communities.

Fall 2009 Quarterly Update

Tue, 3 Nov 2009 09:10:17 -0500

The Fall 2009 issue of the OHFA Quarterly Update is now available online.

The Ohio Housing Finance Agency Releases 2010 Housing Tax Credit Application Guidelines

Wed, 21 Oct 2009 12:45:15 -0400

Affordable housing developers now have the information they need to apply for the highly competitive funding that contributes to the availability of safe, quality housing for renters, seniors and other populations who need it most.

2010 Housing Credit Qualified Allocation Plan

Mon, 19 Oct 2009 14:35:57 -0400

The 2010 Housing Credit Qualified Allocation Plan is now available on OHFA's web site.

Cost Certification Forms for 2009 Carryover Allocation

Mon, 19 Oct 2009 09:30:15 -0400

The cost certification forms for the 2009 carryover allocation are now available on OHFA's web site.

Graduates Can Now Obtain Funding to Buy Homes Through New Assistance Program

Mon, 19 Oct 2009 08:15:45 -0400

OHFA is announcing the Grants for Grads Program that gives borrowers 2.5 percent of the purchase price of the home to help with down payment and closing costs.

OHFA Program Compliance Handbook

Wed, 14 Oct 2009 11:12:12 -0400

A revised version of OHFA's Program Compliance Handbook is now available.

Clarification of Deadlines for Housing Credit Program

Mon, 5 Oct 2009 08:52:21 -0400

This memorandum clarifies which deadlines apply to various types of proposals funded in different years.

Financial Statements for Fiscal Year Ended June 30, 2009

Thu, 1 Oct 2009 13:25:51 -0400

View OHFA's Financial Statements for Fiscal Year Ended June 30, 2009.

Guide for Completing Form 8823 (Revised October 2009)

Thu, 1 Oct 2009 13:24:04 -0400

The IRS issued a revision to the "8823 Guide" on September 25, 2009. OHFA is currently reviewing the Guide to identify any necessary changes to policies and procedures and will be issuing guidance shortly.

2010 Ohio Fair Market Rents-Schedule B

Wed, 30 Sep 2009 10:31:23 -0400

The U.S. Department of Housing and Urban Development (HUD) recently released fair market rents for 2010. OHFA has updated its rent and income limits to reflect these changes.

ARRA Step II Application Process: Revisions for NSP Properties

Mon, 28 Sep 2009 08:35:55 -0400

OHFA considered issues that may affect scattered-site proposals that received a reservation of housing tax credits and NSP funds and made revisions to the ARRA step II application submission guidelines.

Affordable Housing Developments to Receive Stimulus Funding from the Ohio Housing Finance Agency

Wed, 23 Sep 2009 15:23:52 -0400

More than $19 million from the Tax Credit Assistance Program (TCAP) and the Tax Credit Exchange (TCE), created in the American Recovery and Reinvestment Act (ARRA), will be given to eight developments around the state.

Available ARRA Resources for 2009 Housing Tax Credit Projects

Wed, 16 Sep 2009 15:45:11 -0400

OHFA plans to exchange additional 2009 housing tax credits for more Tax Credit Exchange funds.

Second Amendment to ARRA Implementation Fund

Wed, 16 Sep 2009 15:44:38 -0400

This amendment to the ARRA Implementation Plan allows OHFA to substitute reserved Tax Credit Assistance Program funds with Tax Credit Exchange funds.

OHFA Board Approves Funding to Assist with Affordable Housing Developments

Wed, 16 Sep 2009 12:59:28 -0400

The OHFA Board approved $16.8 million in funding to help finance the acquisition and rehabilitation of eight residential developments for the senior community.

East End Twin Towers Awarded Federal Stimulus Funding by OHFA

Tue, 15 Sep 2009 10:53:54 -0400

More than $2.6 million from the Tax Credit Exchange (TCE) program, created in the American Recovery and Reinvestment Act (ARRA), has been allocated to East End Twin Towers Crossing.

Now is the Time to Make the Leap to Homeownership

Mon, 31 Aug 2009 15:58:15 -0400

Potential homebuyers have an incredible opportunity to qualify for the federal first-time homebuyer tax credit of up to $8,000.