OHFA Board Approves More Than $3.5 Million for Affordable Housing Communities in Ohio

OHFA Board Approves More Than $3.5 Million for Affordable Housing Communities in Ohio

COLUMBUS, OH – January 24, 2012 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) Board approved funding for several initiatives yesterday. The Board approved $1.9 million 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). HDAP awards include

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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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