News release Archive

2009 News Releases

12-16-09 OHFA Board approves $15 million for Cleveland property rehabilitation and new board member approved
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.

12-07-09 OHFA launches Office of Affordable Housing Research
OHFA launched its Office of Affordable Housing Research to facilitate the formation and implementation of affordable housing policy and initiatives throughout the state.

12-01-09 Millions in federal stimulus funding benefit Ohioans through affordable housing development
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.

11-18-09 OHFA Board approves funding; bolsters affordable housing development
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.

11-17-09 Affordable housing takes center stage during the 2009 Ohio Housing Conference
The 11th Annual Ohio Housing Conference, "Opportunities. Insights. Solutions.," gets underway today at the Greater Columbus Convention Center and runs through November 19.

11-06-09 Federal stimulus funding breathes new life into statewide affordable housing initiatives
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.

10-21-09 The Ohio Housing Finance Agency releases 2010 housing tax credit application guidelines
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.

10-19-09 Graduates can now obtain funding to buy homes through new assistance program
Ohio's residents who have earned a college degree now have a new option for getting the financial assistance they need to purchase a home.

09-23-09 Affordable housing developments to receive stimulus funding from the Ohio Housing Finance Agency
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.

09-16-09 OHFA Board approves funding to assist with affordable housing developments
The OHFA Board approved $16.8 million in funding to help finance the acquisition and rehabilitation of eight residential developments for the senior community.

09-15-09 East End Twin Towers awarded federal stimulus funding by the Ohio Housing Finance Agency
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.

09-09-09 Affordable housing developments receive ARRA funding from the Ohio Housing Finance Agency
More than $3 million from the Tax Credit Exchange (TCE) program, created in the American Recovery and Reinvestment Act (ARRA), has been allocated to Dublin House and Eaton Senior Village.

09-04-09 Affordable housing developments receive ARRA funding from the Ohio Housing Finance Agency
More than $4.6 million from the Tax Credit Exchange (TCE) program, created in the American Recovery and Reinvestment Act (ARRA), was awarded today to Defiance Crossing, Logan Senior Apartments and Mount Vernon Senior Housing.

08-31-09 Now is the time to make the leap to homeownership
Potential homebuyers have an incredible opportunity to qualify for the federal first-time homebuyer tax credit of up to $8,000.

08-26-09 North Central Village to receive ARRA funding from the Ohio Housing Finance Agency
The distribution of affordable housing funds through the American Recovery and Reinvestment Act began today with OHFA announcing the allocation of $3.3 million from the Tax Credit Exchange program to North Central Village in Columbus.

07-22-09 OHFA to administer incentive program aimed at keeping graduates in Ohio
Through the Grants for Grads program, graduates who purchase a home and remain in the state for at least five years may qualify to receive down payment and closing cost assistance.

07-02-09 OHFA awards over $26 million in tax credits for affordable housing in Ohio
OHFA announced the 2009 Housing Tax Credit Program recipients who will each receive a portion of more han $26 million in housing tax credits for the acquisition, development and rehabilitation of affordable housing units in Ohio.

06-24-09 Excellence in sustainable homeownership honored by OHFA: additional authority approved for MCC program
OHFA is celebrating National Homeownership Month by honoring quality programs and initiatives across the affordable housing industry that demonstrated excellence and innovation.

06-10-09 OHFA accepting applications for ARRA funding beginning June 15
Applications for funding created by the American Recovery and Reinvestment Act (ARRA) will begin to be accepted by OHFA on June 15.

06-01-09 OHFA offers affordable, flexible options during Homeownership Month
In celebration of Governor Ted Strickland's proclamation of June as Homeownership Month, the Agency is reaching out to communities across the state to raise awareness of the diverse selection of programs available to potential homeowners.

05-26-09 OHFA one of first to receive funding from HUD and the Treasury Department for affordable housing initiatives
OHFA will receive $83 million from HUD's Tax Credit Assistance Program (TCAP) and $21 million from the Treasury Department as part of the Tax Credit Exchange (TCE) program. Both programs will allow OHFA to further establish affordable housing across the state.

05-20-09 More than $8 million approved by OHFA Board for affordable housing in Ohio
The OHFA Board approved $8.59 million to create or maintain affordable housing for families, seniors and the homeless across the state.

04-30-09 OHFA awards more than $950,000 in additional federal funding to affordable housing developments
OHFA awarded nine affordable housing developments additional federal Housing Tax Credits through a provision included in the Housing and Economic Recovery Act (HERA).

04-15-09 Affordable housing initiatives approved by OHFA Board
The OHFA Board approved eight initiatives to be financed through the Housing Investment Fund. The Board also approved over $1.14 million from the Housing Development Assistance Program to fund affordable housing across the state.

04-01-09 OHFA celebrates affordable housing during Fair Housing Month in Ohio
Governor Ted Strickland recognizes the importance of equal access to housing in order to ensure a better quality of life and has declared April as Fair Housing Month in Ohio.

03-26-09 New OHFA program maximizes tax credit for homebuyers
OHFA announced that they will launch their new Homebuyer Tax Credit Advantage Program on Monday, March 30. The program will allow qualified homebuyers to receive help with down payment and closing costs.

03-18-09 OHFA Board approves $2.5 million in funding for affordable housing
Funding in the amount of $1 million from the Housing Development Assistance Program and $1.5 million from the Housing Development Loan Program will assist in the development of housing for homeless individuals in Central Ohio.

03-17-09 OHFA seeks nominations for Sustainable Homeownership Excellence Awards
Homeownership Month is just around the corner and OHFA wants to honor programs and initiatives that promote sustainable homeownership throughout the state.

02-26-09 $5 million awarded by the John D. and Catherine T. MacArthur Foundation will help preserve affordable rental housing for an estimated 14,000 Ohio families (36 KB Adobe PDF File)
This investment is aimed at helping ensure the preservation of more than 30 percent of the affordable rental housing that is at risk of being lost.

02-18-09 Ohio Housing Finance Agency Board approves Annual Plan
The Annual Plan, which addresses the state’s affordable housing needs in Ohio, is a strategic guide that highlights current affordable housing issues covering homeownership, multifamily development, and management.

02-17-09 New homebuyers can now reduce their tax liability with OHFA's new Mortgage Credit Certificate
The Mortgage Credit Certificate allows qualified first-time homebuyers to take a direct tax credit for a portion of their mortgage interest up to $2,000 per year for the life of the mortgage.

02-02-09 Homebuyers have more options with new OHFA down payment assistance
Homebuyers can move a step closer to owning the home of their dreams, thanks to a new financial program. OHFA announced that it is now offering a Down Payment Assistance Grant to potential homebuyers.

01-21-09 OHFA Board approves more than $5 million in funding for affordable housing
The OHFA Board approved approximately $2.31 million of funding from the Housing Development Assistance Program and $3 million in funding from the Housing Development Loan Program.