OHFA Approves $750,000 for Affordable Housing Communities, Approves Several Program Guidelines and Initiatives

OHFA Approves $750,000 for Affordable Housing Communities, Approves Several Program Guidelines and Initiatives

COLUMBUS, OH – August 16, 2012 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved $750,000 in funding through the Housing Development Assistance Program (HDAP) as well as several OHFA program initiatives. HDAP is used to provide flexible, low-interest financing for affordable housing developments. Funding for the program comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

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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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