The Ohio Housing Finance Agency (OHFA) has reserved more than $27 million in federal low-income housing tax credits (LIHTCs) for the creation of 1,759 affordable housing units in 34 developments.
The LIHTCs will help fund the construction and rehabilitation of housing serving families, seniors, and individuals with disabilities across the state.
Demand for LIHTCs was more than double the supply during the 2017 allocation round, with OHFA receiving 83 applications seeking more than $67 million in housing tax credits.
The developments receiving LIHTC awards include:
- Arlington Ridge Townhomes, International House at San Tomasso, Middlebury Commons, and Spring Hill Apartments (Phase III) in Akron;
- Ashley Villa in Ashley;
- Barnesville Manor in Barnesville;
- Knickerbocker Apartments in Bay Village;
- The 821 Flats, Cincinnati Scholar House, and Madison Villa in Cincinnati;
- Shawnee Grove in Circleville Township;
- Colfax Family Homes, Emerald Alliance XI, Forest Square City Apartments, and International Village in Cleveland;
- The Livingston, Parsons Village II, and Poindexter Village (Phase IV) in Columbus;
- Heritage Apartments in Coshocton;
- Art Works Lofts (Phase II) and General Franklin in Dayton;
- Cottages at Riverview and Arlington Square Apartments in Elyria;
- Mayfield Homes in Logan;
- Crawford Station in Marion Township;
- Senior Homes of Marysville in Marysville;
- Grove Street PSH in Middletown;
- Meadow Ridge Apartments in Mount Vernon;
- Sunrise Terrace in New Carlisle;
- Carpenter Flats in Norwood;
- Shepard Crossing in Port Clinton;
- Ravenna Township Family Housing in Ravenna;
- Blacklick Crossing in Reynoldsburg; and
- Broadway Park in Youngstown.
“As safe and decent housing grows harder to find, and the resources for creating new affordable housing choices shrink, OHFA is incredibly proud to partner with these outstanding organizations to leverage private investments for the benefit of our state,” says OHFA executive director Sean Thomas. “This vital program creates jobs, supports rising communities, and invests in Ohio’s infrastructure.”
Through the LIHTC program, OHFA has helped to create and preserve more than 115,000 units in the state since 1987.