Ohio Housing Finance Agency
Ohio

The Housing Development Loan (HDL) program provides short-term, low-interest loans to developers who have an award of housing credits through either the competitive (9 percent) Low-Income Housing Tax Credit round or the Bond Gap Financing (BGF) round. Funding comes from the Ohio Department of Commerce, Division of Unclaimed Funds.

Funding Source
General revenue
Funding Year
2022
Program Status
Active
State Funding
$75,000,000
Total Funding
$75,000,000
Website
https://ohiohome.org/ppd/hdl.aspx
Contact
David Foust Ohio Housing Finance Agency [email protected] 614-387-1646
How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Income Eligibility Threshold
60% AMI or less
Duration
Affordability period is 30 years
Info Source
Program administrator survey response
Last Updated
4/12/23 15:28
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements