OHFA Board approves financing for 4 housing developments; announces Housing Development Gap Financing Awards
The Ohio Housing Finance Agency (OHFA) Board Thursday approved financing from various programs to support four housing developments to create or preserve affordable housing units throughout the state. The developments that received Board approvals for funding are:
Northeast
North View Manor: Co-developers CHN Housing Partners and Medina Metropolitan Housing Authority received approval authorizing the issuance of up to $4.5 million in Multifamily Housing Revenue Bonds and was previously approved for a Housing Development Loan and 4% Low-Income Housing Tax Credit (LIHTC) with Housing Development Assistance Program funds. The development will rehabilitate 85 units for older Ohioans in Medina (Medina County).
Southwest
Blackstone Commons: Spire Development, Inc., received approval for a $2.5-million Housing Development Loan, $3.998 million in Housing Development Assistance Program funding, and an allocation of $11,216,890 in Ohio LIHTC. The development will create 99 units for families in Washington Court House (Fayette County).
Maple Tower: Cincinnati Metropolitan Housing Authority received approval authorizing the issuance of up to $9.6 million in Multifamily Housing Revenue Bonds and will receive a 4% LIHTC reservation. The development will rehabilitate 120 units for families in Cincinnati (Hamilton County).
St. Teresa Village: National Church Residences received approval for a $2-million Housing Development Loan and approval authorizing the issuance of up to $3.92 million in Multifamily Housing Revenue Bonds. The development will rehabilitate 50 units for older Ohioans in Silverton (Hamilton County).
2026 Housing Development Gap Financing Awards
OHFA also announced the results of the 2026 Housing Development Gap Financing program (HDGF). The HDGF program provides gap financing for developments that will construct or rehab at least four but no more than 24 units.
The developments invited to submit a final application are:
Cascades Phase II Rental (Greene County)
Felicity Apartments (Clermont County)
Holland Terrace (Pickaway County)
Ross Commons (Ross County)
Thompson Family Foundation Veteran's Village (Summit County)
Windermere Village (Lake County).
A complete list of applicants and links to the project summaries can be found on OHFA's website at https://ohiohome.org.