OHFA Launches a New Market Rate Initiative, Changes Bond Financing Structure for First-Time Homebuyer Loans
By OHFA -

COLUMBUS – November 1, 2013 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) announced a shift from traditional bond financing for its First-Time Homebuyer (FTHB) program to a new Market Rate approach. Under the new Market Rate Initiative, OHFA’s FTHB loans are subject to the market’s current interest rate and may change daily or intra-day to adjust with market fluctuations


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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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