FOR IMMEDIATE RELEASE
Thursday, July 17, 2025
Media Contact: Penny Martin
Phone: 614.728.2911
Email: pmartin@ohiohome.org
OHFA Board Approves Financing for Nine Housing Developments
COLUMBUS, OH - Today, the Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support nine housing developments to create or preserve affordable housing units throughout the state.
The nine developments that received Board approvals for funding are:
Central
Lofts at 40 Long: Co-developers, Woda Cooper Development, Inc., and IMPACT Community Action received approval to authorize up to $43 million in Multifamily Housing Bonds. The development previously received a Housing Development Loan and a 2025 Ohio Low-Income Housing Tax Credit (LIHTC) reservation. It will transform the former YMCA building into 121 units for families in Columbus (Franklin County).
Marsh Run: Columbus Housing Partnership, Inc. dba Homeport received approval to authorize up to $35 million in OHFA-issued Multifamily Housing Bonds. The development also received a 2024 4% LIHTC reservation. It will rehabilitate 184 units in 33 buildings for families in Columbus (Franklin County).
Northeast
Gateway66: Co-developers, Woda Cooper Development, Inc., and Frontline Development Group, LLC, received approval to authorize up to $14.8 million in Multifamily Housing Bonds. The development previously received approval of a Housing Development Loan. It will create 76 new affordable units and four market-rate units for families in Cleveland (Cuyahoga County).
Hough Senior Independent Living: CHN Partners received approval of a $1.75 million Housing Development Loan and $1 million in Housing Development Assistance Program funding. The development previously received a 2024 9% LIHTC reservation. It will create 55 new units for older Ohioans in Cleveland (Cuyahoga County).
Warner and Swasey I: Co-developers Pennrose, LLC, and Midtown Cleveland received approval for a $1.25 million Housing Development Loan. The development previously received a 2020 9% LIHTC reservation. The development will transform the historic Warner and Swasey manufacturing facility into 56 new units for older Ohioans in Cleveland (Cuyahoga County).
Warner and Swasey II: Co-developers Pennrose, LLC, and Midtown Cleveland received approval for a $1.75 million Housing Development Loan. The development previously received a 2023 9% LIHTC reservation. The development will transform the historic Warner and Swasey manufacturing facility into 56 new units for families in Cleveland (Cuyahoga County).
Southeast
Booth Pointe: Co-developers, Provident Management Inc. and PLAT Communities, LLC, received approval to authorize up to $10 million in Multifamily Housing Bonds. The development previously received a Housing Development Loan, Housing Development Assistance Program funding, and a 2025 Ohio LIHTC reservation. It will create 46 new units for older Ohioans in Steubenville (Jefferson County).
Cornerstone at Eclipse Run: Fairfield Homes, Inc., received conditional approval to authorize up to $11.5 million in Multifamily Housing Bonds. The development previously received a Housing Development Loan, Housing Development Assistance Program funding, and a 2025 Ohio LIHTC reservation. It will create 58 new units for families in The Plains (Athens County).
The Lofts on First: Co-developers, Woda Cooper Development, Inc., and Hocking Athens Perry Community Action received conditional approval to authorize up to $10.1 million in Multifamily Housing Bonds. The development previously received a Housing Development Loan, Housing Development Assistance Program funding, and a 2025 Ohio LIHTC reservation. The development will create 51 new units for older Ohioans in The Plains (Athens County).
The Ohio Housing Finance Agency is an Equal Opportunity Housing entity. Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry. Please visit www.ohiohome.org for more information.