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 Recognizes National Homeownership Month, Examines Strategies to Improve Access to Affordable Housing in...

COLUMBUS, OH - June 5, 2012 - (RealEstateRama) -- June is nationally recognized as Homeownership Month –- a time to highlight the critical role of homeownership in improving lives, creating jobs and strengthening communities across the country. As the Ohio Housing Finance Agency (OHFA) joins the nation and Ohio Governor John Kasich in recognizing Homeownership Month, the Agency is working to raise awareness of its programs available to potential homebuyers and homeowners, particularly in the areas most impacted by the lack of affordable housing options

OHFA Awards More Than $29 Million in Housing Tax Credits for Affordable Housing Communities...

COLUMBUS, OH - April 11, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced the recipients of the 2012 Housing Tax Credit (HTC) program, used to fund the construction, acquisition and rehabilitation of affordable housing communities across Ohio. More than $29 million in federal housing tax credits was awarded to 37 developments that will serve families, seniors and individuals with disabilities

OHFA Announces Changes to the State’s Foreclosure Prevention Program

COLUMBUS, OH - January 24, 2012 - (RealEstateRama) -- In an effort to assist more Ohioans at risk of mortgage loan default or foreclosure, the Ohio Housing Finance Agency (OHFA) recently announced new changes to the state's foreclosure prevention program. Enhancements to Restoring Stability: A Save the Dream Ohio Initiative are designed to expand eligibility to reach more Ohio homeowners.

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

OHFA and OCCH to Co-Host the 13th Annual Ohio Housing Conference November 29 –...

COLUMBUS, OH - November 28, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) and Ohio Capital Corporation for Housing (OCCH) will host more than 1,400 affordable housing professionals at the 13th annual Ohio Housing Conference November 29 – December 1. The conference theme, "Strength in Numbers – More Jobs, More Growth, More Community Impact," will focus on the collaborative efforts of professionals in the affordable housing industry who make a positive impact on Ohio's residents, communities and economy.

OHFA Board Approves $18.4 Million for Affordable Housing Communities Throughout Ohio

COLUMBUS, OH - November 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved more than $3 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments serving residents with low- to moderate-incomes throughout Ohio. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

OHFA Board Announces New Member, Approves $15.5 Million in Multifamily Bonds for the Rehabilitation...

COLUMBUS, OH - August 31, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today authorized the issuance of up to $15.5 million in Multifamily Bonds. Multifamily Housing Bonds are tax-exempt revenue bonds designed to lower the costs of borrowing for housing developers. The program provides financial assistance for the development and rehabilitation of affordable housin

OHFA TO SERVE AS PROJECT BASED CONTRACT ADMINISTRATOR FOR THE STATE OF OHIO

COLUMBUS, OH - July 8, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) was recently selected by the U.S. Department of Housing and Urban Development (HUD) to serve as the Project Based Contract Administrator (PBCA) for Section 8 projects in the state of Ohio. As the PBCA, OHFA will manage 977 Housing Assistance Payment (HAP) contracts covering over 70,000 units throughout the state. OHFA will assume its role as PBCA on October 1.

OHFA ADVANCES AFFORDABLE HOUSING OPTIONS DURING NATIONAL HOMEOWNERSHIP MONTH

COLUMBUS, OH - June 9, 2011 - (RealEstateRama) -- Homeownership is a rewarding and worthwhile investment. With reduced home prices and competitive mortgage rates, this is an excellent time to celebrate the affordable housing options available to Ohioans. Governor John Kasich proclaimed June as Homeownership Month, highlighting the impact of homeownership on Ohio's economy and communities.

OHFA PARTNERS WITH OSU TO LAUNCH THE HOMEOWNERSHIP INVESTMENT PROGRAM

COLUMBUS, OH - May 26, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is partnering with The Ohio State University (OSU) to launch the Homeownership Investment Program. The program will provide additional support for OHFA homeowners before and after they purchase their home, to increase their mortgage sustainability and overall financial well-being. The new program will enhance the streamlined homebuyer education currently offered by the Agency in conjunction with OHFA's successful affordable mortgage program for first-time homebuyers.

OHFA BOARD APPROVES OVER $3.9 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN...

COLUMBUS, OH - April 22, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved $1.9 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments on Wednesday. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

OHIO HOUSING FINANCE AGENCY AWARDS OVER $23.8 MILLION IN TAX CREDITS FOR AFFORDABLE HOUSING...

COLUMBUS, OH - March 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced the 2011 Housing Tax Credit Program recipients who will each receive a portion of $23.8 million in federal housing tax credits for the construction, acquisition and rehabilitation of affordable housing units in Ohio. Funding was awarded to 33 developments that will serve families, seniors, and persons who are mentally ill or homeless in 22 of Ohio's 88 counties.

OHFA BOARD APPROVES $2.7 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN CLEVELAND...

COLUMBUS, OH - March 16, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved $750,000 in funding 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)

OHFA BOARD APPROVES OVER $7.6 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN...

COLUMBUS, OH - February 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $1.6 million in funding 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).

OHFA BOARD APPROVES OVER $21.5 MILLION FOR DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING

COLUMBUS, OH - January 20, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $5.6 million in funding 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)

OHFA BOARD ANNOUNCES AVAILABLE FUNDS, APPROVES $3.3 MILLION FOR AFFORDABLE HOUSING COMMUNITIES IN CINCINNATI...

COLUMBUS, OH - December 16, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday announced the availability of gap financing for multifamily tax-exempt bond projects through the Housing Development Assistance Program (HDAP). The source of funds for the program will be the Ohio Housing Trust Fund (OHTF) and Financial Adjustment Factor (FAF) Program. A minimum of $5 million in funds will be available. Applicants seeking gap financing must submit an application on or before January 20, 2011.

OHFA LAUNCHES THE NEW HOME SWEET HOME PROGRAM

COLUMBUS, OH - November 23, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced the launch of the New Home Sweet Home Program that allows homebuyers to obtain a conditional loan reservation to lock their mortgage interest rate during new-home construction. The New Home Sweet Home Program is an extended lock option for homebuyers who purchase a new home and want to use OHFA's first-time homebuyer programs. By allowing for a conditional loan reservation, a lender can offer a rate lock for up to 180 days while a builder completes the construction of the home. The interest rate at the time of reservation will be set at .25% higher than OHFA's standard rate which is currently 4.25% for unassisted loans and 4.75% for loans with down payment assistance.

OHFA board approves $2.9M for affordable housing programs in Cincinnati, Cleveland, Columbus, Dayton and...

COLUMBUS, OH - September 17, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $2.9 million of the Housing Investment Fund (HIF), which encourages housing initiatives and meets housing needs that are not met by other programs of the Agency.

OHFA reduces mortgage interest rates on fixed-rate financing to the lowest in the agency’s...

COLUMBUS, OH - September 13, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today reduced mortgage interest rates on loans through its First-Time Homebuyer Program to the lowest rates in the Agency's history.

Ohio Housing Finance Agency creates $500,000 loan fund for Habitat for Humanity of Ohio

COLUMBUS, OH - September 8, 2010 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved the use of $500,000 to create a loan fund for the "Ohio Habitat Investment Partnership" in the August Board meeting.

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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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Ohio Home and Auto Insurance Rates Remain Steady

Ohio Department of Insurance Director Jillian Froment today announced that the average rate changes in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest average insurance premiums for homeowners and auto insurance.