Authors Posts by OHFA

OHFA

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

OHFA Awards 11 Counties a Portion of $49.5 Million to Tackle Blighted Communities

COLUMBUS - March 3, 2014 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced the recipients of a program designed to help prevent foreclosures and stabilize local property values through the demolition of vacant and blighted homes across the state. Eleven counties with established land banks were awarded a portion of more than $49.5 million available through the first funding round of the Neighborhood Initiative Program (NIP).

OHFA Board Awards More than $8 Million for the Development of Affordable Housing Communities...

COLUMBUS - November 21, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency Board of Directors today approved $5,000,000 through the Housing Development Loan program to provide flexible, low-interest financing for affordable housing development across the state. The HDL program provides financial assistance for the development and rehabilitation of affordable housing and is funded through unclaimed funds from the Ohio Department of Commerce

Pickaway County Property Cleared for Redevelopment

WASHINGTON, D.C. - November 4, 2013 - (RealEstateRama) -- A Circleville brownfield is ready for redevelopment after undergoing an investigation and remediation through Ohio EPA’s Voluntary Action Program (VAP), thanks to the voluntary efforts of the city of Circleville and CircleGreen LLC, the current owner.

OHFA Launches a New Market Rate Initiative, Changes Bond Financing Structure for First-Time Homebuyer...

COLUMBUS - November 1, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) announced a shift from traditional bond financing for its First-Time Homebuyer (FTHB) program to a new Market Rate approach. Under the new Market Rate Initiative, OHFA's FTHB loans are subject to the market's current interest rate and may change daily or intra-day to adjust with market fluctuations

15th Annual Ohio Housing Conference Explores Housing Strategies in a Challenging Economic Climate

COLUMBUS - October 31, 2013 - (RealEstateRama) -- The economic crisis of recent years has left many struggling to maintain safe and affordable housing. Subsequently, housing industry professionals across the country continue to struggle with providing effective and economical programing for the number of individuals burdened with housing costs. The challenges faced amid continued economic distress and market instability will serve as the cornerstone during the 2013 Ohio Housing Conference held Nov. 5-7 at the Greater Columbus Convention Center.

OHFA Board Awards More Than $2 Million for Affordable Housing Initiatives in Ohio; Approves...

COLUMBUS - September 19, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved more than $1 million through the Housing Investment Fund (HIF) yesterday. Established in September 2008, the HIF supports initiatives that meet housing needs not currently met by OHFA programs. The two initiatives that received funding include:

OHFA Board Awards More Than $3.8 Million for Affordable Housing Initiatives in Franklin, Montgomery,...

COLUMBUS - August 22, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency Board approved more than $1.3 million through the Housing Investment Fund (HIF) yesterday. Established in September 2008, the HIF program supports initiatives that meet housing needs not currently met by OHFA programs. The three initiatives that received program funding include

OHFA Receives $1.07 Million Grant to Continue Supporting Foreclosure Counseling Across Ohio

COLUMBUS - April 18, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) has been awarded $1,074,039 through the National Foreclosure Mitigation Counseling (NFMC) program to continue supporting the availability of foreclosure counseling and prevention services across the state. The grant will enable 18 housing counseling agencies across the state to continue to assist Ohio homeowners at-risk of foreclosure.

OHFA Celebrates Equal Access to Housing Through Commemoration of Fair Housing Month

COLUMBUS - April 3, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) proudly recognizes Fair Housing Month, which celebrates the advancements in making equal access to affordable housing for all regardless of race, color, nationality, familial and military status, disability or ancestry.

OHFA Board Bids Farewell to Member, Awards $4 Million to Affordable Housing Communities in...

COLUMBUS, OH - January 17, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board bid farewell to a long-standing member yesterday. Roger McCauley served on the OHFA Board since the establishment of the agency in February 1983. During his 30-year tenure, McCauley participated in the Agency's affordable housing initiatives including the development of the Agency's Annual Plan and single-family and multifamily programs

OHFA Board Approves More Than $6.3 Million for Affordable Housing Communities Across Ohio

COLUMBUS, OH - December 21, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency Board approved more than $6.3 million through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments during a meeting on Wednesday. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF). The developments receiving HDAP funds include

State of Ohio’s Foreclosure Prevention Program Reaches Milestone With $100 Million Disbursed to Ohio...

COLUMBUS, OH - December 18, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) announced that it has distributed $100 million in funding to Ohio homeowners through the state of Ohio's foreclosure prevention program. Through its disbursement of funds, Save the Dream Ohio has assisted more than 8,500 Ohio homeowners facing default or foreclosure on their homes

OHFA Board Approves More Than $3.7 Million for Affordable Housing Initiatives Across the State

COLUMBUS, OH - November 16, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $942,457 through the Capital Improvements Program (CIP), designed to provide funding for minor renovations and maintenance on aging properties funded by the Ohio Department of Mental Health (ODMH). Funding for the program comes from the Ohio Housing Trust Fund (OHTF). Recipients include:

Affordable Housing Leaders to Kick Off the 14th Annual Ohio Housing Conference November 27...

COLUMBUS - November 16, 2012 - (RealEstateRama) -- Affordable housing professionals from Ohio and across the country will soon gather at the Greater Columbus Convention Center on November 27-29 for the 2012 Ohio Housing Conference.

OHFA Recognized by Peers for Outstanding Work in Affordable Housing

COLUMBUS, OH - October 26, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) was recognized for its work in the affordable housing industry during the National Council of State Housing Agencies (NCSHA) annual awards ceremony held Monday. The awards ceremony was held in conjunction with NCSHA's annual conference held in Orlando, Florida.

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.

OHFA Offers Lowest Fixed Mortgage Interest Rates in Agency History

COLUMBUS, OH - October 8, 2012 - (RealEstateRama) -- Today, the Ohio Housing Finance Agency (OHFA) announced the lowest fixed mortgage interest rates in the Agency's history for its First-Time Homebuyer Program.

OHFA Commemorates Two-Year Anniversary of the State of Ohio’s Foreclosure Prevention Program

COLUMBUS, OH - October 1, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is proud to mark the two-year anniversary of Ohio's statewide foreclosure prevention program, Restoring Stability: A Save the Dream Ohio Initiative which has disbursed $82.5 million on behalf of 7,459 homeowners.

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).

OHFA Board Announces New Member, Approves Affordable Housing Initiatives

COLUMBUS - July 20, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board welcomed its newest member, Catherine Cawthon, who was recently appointed by Governor John Kasich. Cawthon is the President of the Fifth Third Community Development Corporation and replaces J. Gordon Priemer whose tenure with the Board ended on January 31. The OHFA Board is administered by eleven members consisting of the Director of the Ohio Department of Commerce, the Director of the Ohio Department of Development and nine public members. The Governor appoints the nine public Board members for staggered six-year terms to represent various housing sectors and the general public.

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Affordable Housing Out Of Reach for Low-Income Families in Ohio

Report Demonstrates Need To Expand Ohio Housing Trust Fund WASHINGTON, D.C. - (RealEstateRama) -- Ohioans need to earn at least $14.45 an hour in order...

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High Standards of Professional Conduct Apply to Insurance Needs of Ohio...

Purchasing a home or business property is a time of joy, excitement and inevitably stress generated by the work and by the unfamiliarity buyers have with the layers of demands from loan calculations to insurance commitments being thrust at them. The Ohio Department of Insurance (ODI) may help by providing information about the various insurance types and also through its rigorous regulation of insurance agents, Jillian Froment, ODI director, said.