OHFA Board Bids Farewell to Member, Awards $4 Million to Affordable Housing Communities in Columbus, Toledo, Village of Lincoln Heights and Defiance

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.

“Roger has been an integral part of the Ohio Housing Finance Agency Board for 30 years and will be dearly missed,” said OHFA Executive Director Doug Garver. “His expertise in affordable housing and passion to help Ohio families in Appalachia and across the state is unparalleled. It has been a great pleasure working with a true champion for affordable housing.”

The OHFA Board recognized McCauley’s work on the Board by renaming the OHFA Board Room in his honor.

In other news, the Board approved $4 million through the Housing Development Loan (HDL) Program to provide flexible, low-interest financing for affordable housing developments 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. Funding Awards include:

• Commons at Livingston II in Columbus, Franklin County – $1,000,000 in HDL
  Commons at Livingston II involves the new construction of a housing community for homeless individuals located in Columbus, Franklin County. This is the second phase of the development, which will provide 50 units of housing.
• Legacy Homes in Toledo, Lucas County – $1,000,000 in HDL
  Legacy Homes involves the new construction of 40 lease-purchase homes for families located in Toledo, Lucas County. The newly constructed homes will include four single-story and 36 two-story buildings. Legacy Homes will redevelop an area most impacted by the foreclosure crisis.
• Oak Park Apartments in the Village of Lincoln Heights, Hamilton County – $1,000,000 in HDL
  Oak Park Apartments involves the acquisition and rehabilitation of a housing community for families located in the Village of Lincoln Heights, Hamilton County. The development consists of 12 townhome-style units and five multifamily buildings consisting of five one-bedroom, 11 two-bedroom, 44 three-bedroom and 11 four-bedroom units. The proposed scope of work includes kitchen and bathroom renovations and repairs to the exterior masonry, roof, windows and doors.
• Ralston Square Apartments in Defiance, Defiance County – $1,000,000 in HDL
  Ralston Square Apartments involves the acquisition and rehabilitation of a housing development for families located in Defiance, Defiance County. The community consists of 50 flat-style and townhouse units in six two-story buildings. The units will be furnished with new high efficiency furnaces, water heaters, flooring, kitchen cabinets, countertops and appliances. Work on the property also includes a new community room, playground, walking trail and community garden.

For more information on the properties awarded funding, please contact OHFA at 888-362-6432.

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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 the administrator of the state’s foreclosure prevention program, Save the Dream Ohio.

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