Housing Development Loan Program

  • Housing Development Loan (HDL) Program

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) Housing Tax Credit Round or the Bond Gap Financing (BGF) round. Program requirements are found in the most current Housing Development Loan Program Guidelines.

2016 HDL Recipients

Related Programs and Funding:


Available funding comes from the State of Ohio Department of Commerce Division of Unclaimed Funds.

  • Loans are made to the limited partnership or the limited liability corporation (ownership) of the housing credit development.
  • Funds may be used to bridge the equity payments from the sale of the Housing Tax Credits and, in some instances, to provide construction financing.
  • Interest rates are either 2.25 percent or 2.5 percent, depending on how the loan is used.
  • Term cannot exceed 10 years.
  • Equal annual payments of principle and interest are required for the period the funds are used to bridge the housing credit equity.
  • Strong collateral is required.

Applications and Forms

In addition to the standard documents required by OHFA when applying for resources, HDL requires the following documents:

  • Tax information authorization disclosure
  • Equity commitment letter

Contact Information

Questions and correspondence regarding HDL may be directed to

Karen Banyai
Planning, Preservation and Development
Ohio Housing Finance Agency
57 East Main Street
Columbus, Ohio 43215