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:
- Housing Stabilization and Homelessness Prevention Program in Franklin, Montgomery and Lucas Counties – $651,120 through HIF
The Community Mediation Services of Central Ohio (CMS) will use the grant to expand the scope of its Housing Stabilization and Homelessness Prevention Program in Franklin County. In addition, CMS plans to expand the program to Montgomery and Lucas Counties. The Stabilization and Homelessness Prevention Program provides tenant-landlord mediation to low-income rental clients in Franklin and surrounding counties. With the new grant funds, the agency will also incorporate Eviction Prevention Workshops for Franklin and several surrounding counties, Financial Literacy Training in Lucas County and an evaluation of the impact of mediation on renter housing stability. CMS expects to serve more than 5,300 individuals through the expansion of the program.
- Mobile Health Clinic in Cuyahoga County – $478,000 through HIF
Enterprise Community Partners, Inc. will utilize the grant funds to integrate mobile primary home-healthcare services in Permanent Supportive Housing (PSH) projects within Cuyahoga’s First Housing Initiative (CHFI). The Mobile Health Clinic will be staffed by a nurse practitioner and medical assistant who will perform coordinated patient care at the PSH properties which will include wellness checks, dispensing medicine, and providing health consultations. The clinic is expected to provide care to at least 400 Housing First PSH residents annually.
- Ohio LIHTC Stabilization and Preservation Initiative in Cuyahoga, Lucas and Mahoning County – $250,000 through HIF
Neighborhood Progress, Inc. will utilize the grant funds to form a comprehensive capacity system to support current lease-purchase properties in Toledo, Lucas County and Youngstown, Mahoning County. In addition, the program will establish an additional buyer financing pool for residents and families of the lease-purchase properties to purchase their homes in Cleveland, Toledo and Youngstown. The properties that will be stabilized by the program include Glenbrook Homes III and Cleveland New Homes I and II.
Additionally, the Board approved the allocation of up to $2 million in Multifamily Housing Bonds and $500,000 through the Housing Development Loan (HDL) program for the acquisition and rehabilitation of Village Park Apartments in Huber Heights, Montgomery County. The housing community will feature 41 one-bedroom apartments for seniors. Rehabilitative work will include upgrades to concrete stoops, adjacent walks and handicap parking areas to comply with ADA standards; installation of a new roof, gutters and downspouts; replacement of a new HVAC system; new windows and modernization of kitchens and baths.
For more information regarding the properties awarded funding, 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