On Wednesday, April 19, OHFA’s Board of Directors approved an addendum to the 2022-2023 Qualified Allocation Plan (QAP) outlining the agency’s new Additional Credit Policy intended to address financing gaps faced by Housing Credit developments due to escalating interest rates and other increasing material and supply costs. OHFA is setting aside Housing Tax Credits and Housing Development Loan (HDL) funding for developments that were awarded competitive 9% Housing Credits in 2022.
Additional funding awards will be made on a first come, first served basis until funds are exhausted or until July 1, 2023, whichever comes first.
Applicants must send requests and required documentation to the Construction Monitoring Mailbox at ConstructionMonitoring@ohiohome.org. The email receipt timestamp will determine the order in which request are received. Please read the policy for more information regarding project eligibility and request submission requirements.