OHFA November 2018 Newsletter

OHIO 811 PROJECT RENTAL ASSISTANCE PROGRAM This program serves extremely low-income individuals with disabilities by providing them with project-based rental assistance; the goal of the program is to help them live independently within an integrated community. • Number of Units Committed Statewide: 307 Units in 50 Projects • Number of Units Available: 14 Units in Four Projects • Number of Tenants: Six Tenants in Three Projects • Counties with Participating Properties: Lorain, Fayette, Pike and Athens Within the next few years, OHFA anticipates 485 units will become available throughout the state. To learn more about the program, click here . 2 Fulfilling the Promise 3 FHAct50: A Pioneering Plan For Mixed-Income Communities 4 Office Of Communications and Marketing Update 5 OHFA’s RenovateOhio Program Helps Ohioans Create the Homes of Their Dreams 6 OHFA Highlights the Economic Benefits of the Ohio Housing Trust Fund 7 An Update From Save The Dream Ohio 8 Grand Openings and Groundbreakings 9 Employee News WAYS TO KEEP IN TOUCH: JOINOUR EMAIL LIST: NOVEMBER 2018 AGENCY AT A GLANCE THE FAIR HOUSING ACT 50 BUILDING OPPORTUNITY FUND (FHACT50) To create thriving, mixed-income communities, OHFA is providing Columbus, Cincinnati and Cleveland with the ability to guide the investment of $3 million in housing tax credits over the next three years. These funds will be used to create affordable and market- rate housing in chosen neighborhoods within these Ohio cities. To learn more about this fund, read page 3. THE 2018 OHIO HOUSING CONFERENCE: LAYING THE FOUNDATION FOR A BETTER FUTURE On November 6 – 8, join more than 1,700 housing industry peers at this annual conference by the Ohio Housing Finance Agency and Ohio Capital Corporation for Housing. For registration information and more, visit the conference website . FINDING HOME: OHFA’S OFFICE OF HOMEOWNERSHIP CELEBRATES RECORD-BREAKING SUMMER Since July, OHFA has experienced a 44 percent increase in loan reservations through the Agency’s homeownership programs. In the last five months, over $200 million in loan reservations have been made. The Ohio Heroes program makes homeownership affordable through down payment assistance and a career-related, lower interest rate. The program serves veterans, military members, police officers, nurses, teachers, firefighters, paramedics and more. In the last five months, over 270 households have used this program to purchase a home.