OHFA BOARD ANNOUNCES AVAILABLE FUNDS, APPROVES $3.3 MILLION FOR AFFORDABLE HOUSING COMMUNITIES IN CINCINNATI AND ELYRIA
By OHFA -

COLUMBUS, OH – December 16, 2010 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board yesterday announced the availability of gap financing for multifamily tax-exempt bond projects through the Housing Development Assistance Program (HDAP). The source of funds for the program will be the Ohio Housing Trust Fund (OHTF) and Financial Adjustment Factor (FAF) Program. A minimum of $5 million in funds will be available. Applicants seeking gap financing must submit an application on or before January 20, 2011.


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OHFA
http://www.ohiohome.org/

OHFA utilizes federal and state resources to provide housing opportunities for families and individuals through programs designed to create, preserve, and manage affordable housing throughout the State of Ohio. The Agency is a self-supporting quasi-public agency governed by an eleven-member board, nine of whom are appointed by the Governor and confirmed by the Senate. Two additional seats on the board, by statute, are reserved for the Director of Development and the Director of Commerce or their designees, and both serve as ex officio voting members

Contact:

Erin Biehl
Phone: 614-387-2863

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