FOR IMMEDIATE RELEASE
Thursday, December 18, 2025
Media Contact: Penny Martin
Phone: 614.728.2911
Email: pmartin@ohiohome.org
OHFA Board Approves Financing for Five Housing Developments
COLUMBUS, OH - The Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support five housing developments to create or preserve affordable housing units throughout the state at its December Board meeting. The developments that received Board approvals for funding are:
Central
Harding Station: Commonwealth Development Corporation of America received approval for a $1.75 million Housing Development Loan. The development, which previously received a reservation of 2025 9% Low-Income Housing Tax Credits (LIHTC), will construct 72 new units for families in Marion Township (Marion County).
Northeast
Broadway Commons: Co-developers, CHN Housing Partners and Emerald Development and Economic Network, Inc., received approval for a $2.5 million Housing Development Loan. The development, which previously received a reservation of 2025 9% LIHTC, will construct 62 new units for individuals that have experienced homelessness in Lorain (Lorain County).
Northwest
Toledo Heritage Village: Toledo Housing Corporation and Smallridge Development LLC, received approval for a $2 million Housing Development Loan. The development will also receive a 4% LIHTC reservation. The project will rehabilitate 191 units, in 40 scattered site buildings for families in Toledo (Lucas County).
Southwest
Centre City Senior Apartments: Model Property Development, LLC received authorization to issue up to $16 million in Multifamily Housing Revenue Bonds, and will receive a 4% LIHTC reservation. The development, which previously received approval for a $2.5 million Housing Development Loan and $3.5 million in Housing Development Assistance Program funding, will redevelop part of the Centre City building into 80 new units for older Ohioans in Dayton (Montgomery County).
Eaton Senior Lofts: St. Mary Development Corporation received approval for a $1.5 million Housing Development Loan, and authorization of up to $8.5 million in OHFA-issued Multifamily Housing Revenue Bond. The development will also receive a 4% LIHTC reservation and construct 43 new units for older Ohioans in Eaton (Preble County).
The Ohio Housing Finance Agency is an Equal Opportunity Housing entity. Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry. Please visit www.ohiohome.org for more information.