OHFA Announces 2016 HHousing Tax Credit Program Recipients, Awarding more than $30 Million to Create Affordable Housing Options

At its June 15, 2016, meeting, the Ohio Housing Finance Agency (OHFA) Board announced the recipients of the 2016 Housing Tax Credit (HTC) program awards, used to fund the construction, acquisition and rehabilitation of affordable housing communities in Ohio. More than $30 million in federal housing tax credits was awarded to 40 developments that will serve families, seniors and individuals with disabilities in rural, suburban and urban areas. Selected developers claim tax credits over a ten year period to help offset the costs associated with construction or rehabilitation of a development. Read more.

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