OHFA Board Approves Affordable Housing Initiatives

OHFA Board Approves Affordable Housing Initiatives

COLUMBUS, OH – October 19, 2012 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) yesterday awarded $750,000 through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF). Oakwood Village Housing in Napoleon, Henry County was awarded $750,000 for the acquisition and rehabilitation of a 32-unit development for families. The community consists of five residential buildings with a community building. The rehabilitative work includes the replacement of roofs, windows, doors, cabinets, flooring, plumbing fixtures and electrical components.

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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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