COLUMBUS – May 22, 2014 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved $3 million yesterday through the Recycled Tax Credit Assistance Program (R-TCAP). Funding for R-TCAP is derived from repaid funds through the Tax Credit Assistance Program (TCAP), allocated to OHFA through the American Recovery and Reinvestment Act of 2009. OHFA expects to recycle more than $70 million in loan repayments during the next four years. The goal of the program is to stabilize and ensure the long-term affordability of OHFA properties
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