Housing Development Assistance Programs

  • Housing Development Assistance programs (HDAP)

The Housing Development Assistance Programs (HDAP) provide grants and loans for the development and preservation of affordable housing. Awarded as soft funding, HDAP resources enable developers and owners of affordable housing to serve households at or below 50 percent of Area Median Income (AMI).

The funding for the HDAP comes from three sources:


Funding Comparison:

Available Funding:

HDAP funds are awarded on a competitive basis through three distinct funding programs based on the other financing being sought.


Housing Credit Gap Financing (HCGF)

When used with the annual competitive (9 percent) housing credit round, HDAP funds are referred to as housing credit gap financing. Program requirements are found in the most current Qualified Allocation Plan.


Bond Gap Financing (BGF)

Developers using non-competitive (4 percent) credits in conjunction with multifamily bonds may compete for HDAP funds in the BGF round. Program requirements are found in the most current BGF Guidelines. Application materials can be found on the Applications, Forms, and Guidelines page.


Housing Development Gap Financing (HDGF)

Developers seeking to construct or rehabilitate small, multifamily housing developments (including fewer than 25 units) and not seeking Housing Tax Credits may compete for HDAP funds in the HDGF round. Program requirements are found in the most current HDGF Guidelines. Application materials can be found on the Applications, Forms, and Guidelines page.


Terms

In all HDAP programs, awarded funds are considered a soft loan with repayment based on the project's cash flow. While there is some flexibility in both the interest rate (up to 2 percent) and the terms of the HDAP funds, the amount of repayment will be determined by OHFA during the review of the final application. Details on terms for each program can be found in the respective program's guidelines. All HDAP awards are closed through the Legal Office.

All HDAP awards are closed through the Legal Office.


Contact Information

Questions and correspondence regarding HDAP may be directed to:

Karen Banyai
Development Division
Ohio Housing Finance Agency
57 East Main Street
Columbus, Ohio 43215
614.752.4185