OHFA BOARD COMMITS $1.5 MILLION FOR NELSONVILLE DEVELOPMENT, ALLOCATES MORE THAN $26.1 MILLION TO ADDITIONAL AFFORDABLE HOUSING INITIATIVES
By OHFA -

On Wednesday, February 17, 2016, the Ohio Housing Finance Agency (OHFA) Board voted to award a $1.5 million Housing Development Loan (HDL) for the adaptive reuse of the Nelsonville School Commons in Nelsonville, Athens County. The development will convert the former Nelsonville High School and Junior High into 15 one-bedroom and 18 two-bedroom units in a three-story elevator building. Units will be developed by The Woda Group, Inc. and will be affordable to households at or below 60% AMGI.


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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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