OHFA 2022 Third Quarter Agency at a Glance

OHFA UPDATE - PAGE 3 - 2022 THIRD QUARTER MULTIFAMILY • OHFA will continue to incentivize and require the inclusion of units available to extremely low-income households, and incentivize the development of permanent supportive housing through the Low-Income Housing Tax Credit, National Housing Trust Fund and the new HOME- ARP programs. • OHFA will continue to incentivize the development and preservation of affordable multifamily housing in a mix of revitalizing neighborhoods, historically-disinvested communities, and high opportunity areas in the 2023 and 2024-2025 Qualified Allocation Plans for the LIHTC program. • OHFA staff are developing preference for inclusion in the 2023 Bond Financing Guidelines and 2024-2025 Qualified Allocation Plan that will incentivize services for residents that will increase and sustain generational financial well-being among the residents. Programs under consideration include for new construction family developments, services such as the Esusu Web-based Rent Reporting Platform that reports the on-time rental payments of the resident to credit bureaus in order to build residents’ credit and for the Section 8 Preservation developments, participation in HUD’s Family Self Sufficiency Program that helps residents build savings that they can use to improve their quality of life and advance their personal goals • Continue working in partnership with the Ohio Department of Mental Health & Addiction Services and Ohio Department of Rehabilitation and Correction to administer the Landlord Mitigation Fud, which is a pilot program in targeted counties designed to increase the number of landlord willing to rent to persons landlords who have agreed to participate in a network of landlords in a Stepping Up County and rent to persons with severe and persistent mental illness and a criminal justice background. • Administer a $75,000 grant to Move to Prosper that will cover a portion of the cost of the rental assistance for families participating in their Empower 100 initiative in central Ohio. • Administer a $250,000 grant in partnership with the Ohio Department of Mental Health & Addiction Services for the Residential Facilities Class 2 (also known as Adult Care Facilities) Critical Repair Program opening in January 2023. RESEARCH & DATA ANALYTICS • OHFA will update the the LIHTC Resident Data Report in 2022 and 2023. This report analyzes demographic and income data of residents living in Ohio LIHTC properties. The chart to the right highlights race and ethnicity. • OHFA in partnership with the local Continua of Care will increase support for the Ohio Human Services Data Warehouse and prepare the 2022 and 2023 Homelessness Reports using updated data, which will then be used to inform multifamily policies and program guidelines. • OHFA will continue to work in partnership with The Ohio State University in an innovative project to analyze and evaluate the take-up of OHFA homebuyer loan products by race. This report will inform OHFA’s future equity focused outreach and marketing efforts. • OHFA will provide data and support to CDFIs that are preparing applications to the U.S. Treasury‘s Equitable Recovery Program. Although it will take more than one plan and one agency to address all the equity challenges and issues that were created over many years, the Housing Equity Focused strategies and other related initiatives by OHFA can be the catalyst for change, and start opening the doors for more Ohioans. Look for more updates on our progress in future newsletters. If you have any questions about these initiatives, please feel free to email Sean Thomas at sthomas@ohiohome.org . HTC Resident Population 77.2% non-Hispanic 19.0% not disclosed 3.8% Hispanic 32.5% White 41.9% Black 0.5% Asian/Pacific Islander 0.2% Native American 1.5% Other Race 0.5% Multiracial HTC-Eligible Population 92.8% non-Hispanic 7.2% Hispanic 54.1% White 30.5% Black 2.0% Asian/Pacific Islander 0.2% Native American 0.4% Other Race 5.4% Multiracial