The HTC program is a tax incentive program designed to increase the supply of quality, affordable rental housing by helping developers offset the costs of rental housing developments for individuals with low- to moderate-income. This program has been the largest driver of the production of new affordable housing in the state and nation over the past several years. Since 1987, OHFA has used the HTC Program to facilitate the development of over 100,000 affordable rental housing units in Ohio.
2017 Qualified Allocation Plan
- 2017 QAP Amendment – Final Draft (199 KB Adobe PDF File) Updated
- 2017 QAP Amendment – Memo (190 KB Adobe PDF File)
- 2017 QAP Amendment – Comment Summary (216 KB Adobe PDF File) New
- 2017 QAP Amendment – Project Data (138 KB Adobe PDF File) New
- 2016-2017 Qualified Allocation Plan – Final (1.69 MB Adobe File)
- 2017 QAP – Final FAQ (651 KB Adobe File) Updated
- 2017 QAP – Training Slideshow (2.21 MB Adobe File)
- 2017 QAP – Public Comment Summary (424 KB Adobe File)
Competitive (9 percent) Housing Tax Credit Program:
Developers constructing or rehabilitating affordable housing statewide can apply for an allocation of 9 percent housing tax credits. Due to the demand for 9 percent credits, OHFA typically funds only 25-30% of all applications submitted. In addition, because of the cost of applying for the program and the extensive compliance requirements, the program is best suited for rental housing developments with 25 or more units. OHFA strongly encourages all applicants to seek experienced legal and accounting counsel in order to comply with all program requirements found in the most current Qualified Allocation Plan below.
Non-Competitive (4 percent) Housing Tax Credit Program:
Developers constructing or rehabilitating affordable housing statewide can apply for an allocation of 4 percent housing tax credits. The Internal Revenue Code (IRC) requires that developments awarded 4 percent housing tax credits must utilize multifamily bonds financing for more than 50 percent of the total project cost. OHFA strongly encourages all applicants to seek experienced legal and accounting counsel in order to comply with all program requirements found in the most current Qualified Allocation Plan below.
- 2016-2017 Qualified Allocation Plan (1.69 MB Adobe File)
HUD Subsidy Layering Review
In 2010, the Ohio Housing Finance Agency (OHFA) received approval to complete Subsidy Layering Reviews (SLR) on behalf of the Department of Housing & Urban Development (HUD) for newly constructed or rehabilitated projects that will receive a new Section 8 Project-Based Voucher Housing Assistance Payments Contract (assistance provided under Section 8(o)(13) of the U.S. Housing Act of 1937 (42 U.S.C. 1437f)) and an allocation or award of Housing Tax Credits. OHFA will only perform a SLR for a project that meets these criteria.
- HUD 2880 Application Form (118 KB Adobe PDF File)
- SLR Guidelines and Application (386 KB Word File)
- Federal Register – SLR (395 KB Adobe PDF File)
- HOME Program and Community Housing Development Organizations
- Housing Development Assistance Programs – Bond Gap Financing
- Housing Development Loan Program
- Multifamily Bond Program
- Multifamily Lending Program
- Ohio Section 811 Program
- Ohio Department of Medicaid Subsidy Demonstration
Applications and Forms:
All standard documents will be required by OHFA when applying for resources.
- New Unit Production (12.64 MB Excel File)
- Permanent Supportive Housing (4.43 MB Excel File)
- Preservation (5.90 MB Excel File)
- Single Family Infill (6.01 MB Excel File)
- Guide to Calculating Proximity to Positive Land Uses (787 KB Adobe PDF File)
- Local Development Priority Letter Template (970 KB Word File)
Questions and correspondence regarding the Housing Tax Credit program may be directed to:
Planning, Preservation and Development
Ohio Housing Finance Agency
57 East Main Street
Columbus, Ohio 43215