OHFA BOARD ANNOUNCES AWARDS FROM NCSHA, APPROVES $600,000 FOR AFFORDABLE HOUSING IN CHILLICOTHE

COLUMBUS, OH – October 21, 2010 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) yesterday announced that it received three awards for outstanding programs of distinction by its colleagues at the 2010 National Council of State Housing Agencies’ (NCSHA) annual conference in Boston.

OHFA was recognized for its program originality, receiving Program Excellence Awards for its commitment to creating a unified workplace comprised of driven staff, increased efforts to meet the needs of minority communities, and for the Grants for Grads Program which provides assistance and incentives to college graduates becoming first-time homebuyers. The categories were Management Innovation: Human Resources (Labor Management Committee), Communications: Creative Media (Minority Outreach Campaign), and Homeownership: Empowering New Buyers (Grants for Grads). Housing Finance Agencies across the nation submitted entries from which winning nominations were chosen. The winning programs were judged on originality, innovation, a proven track record in the marketplace, cost/benefit ratio and measurable benefits provided to targeted customers.

OHFA’s Board also approved $600,000 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, federal Financial Adjustment Factor (FAF) program and the Ohio Trust Fund (OHTF). Funding will be used to support the development of Cross Creek Meadows, a multifamily residential property in Ross County. Cross Creek Meadows will consist of 32 three-bedroom, newly constructed apartments in Chillicothe. The development will serve working families. Property amenities include a public biking path adjacent to the site, an enhanced lighting package in each unit and Energy Star appliances. In addition, the units have an open floor plan to minimize the need for hallways which improves accessibility.

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About the Ohio Housing Finance Agency
OHFA is a self-supporting quasi-public agency governed by an eleven-member board. The Agency uses federal and state resources to provide housing opportunities for families and individuals through programs designed to develop, preserve and sustain affordable housing throughout the State of Ohio. OHFA is also an active partner in the interagency team which coordinates the Save the Dream Ohio initiative designed to stop preventable foreclosures.

Media Contact:
Arlyne Alston
Email: aalston (at) ohiohome (dot) org
Phone: 614.387.2863

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