Thirty-three developments have been selected to share $23.8 million in low-income housing tax credits from the Ohio Housing Finance Agency (OHFA) this year.
The projects receiving reservations will provide 1,732 units of affordable rental housing in 22 counties, according to OHFA officials.
There were more than 109 applicants requesting $86.6 million in credits this year, more than 3.6 times the available supply.
OHFA awarded $9.3 million in reservations to 15 preservation projects; $6.5 million to eight developments in the general pool; $3.5 million to four developments in the maximizing outcomes pool; $3.4 million to four supportive-housing developments; and $1.1 million to two rural projects.
Since the tax credit program in 1987, OHFA has used it to help finance the development of more than 1,500 affordable housing properties with more than 77, 000 rental units.
A list of applicants receiving a reservation of 2011 housing tax credits can be found at www.ohiohome.org/lihtc/2011housingcreditresults.pdf.