FOR IMMEDIATE RELEASE
Thursday, May 21, 2026
Media Contact: Penny Martin
Phone: 614.728.2911
Email: pmartin@ohiohome.org
Ohio Housing Finance Agency Awards More Than $39.1 Million in Annual 9% Tax Credits for Affordable Housing in Ohio
COLUMBUS, OH - The Ohio Housing Finance Agency (OHFA) announced projects receiving conditional commitments for the 2026 Low-Income Housing Tax Credits (LIHTCs) at the Board meeting today. The LIHTC program provides tax credits to developers to assist in the creation or rehabilitation of rental housing for low- to moderate-income Ohioans.
This year, 25 Ohio developments creating or preserving 1,468 apartments for families, older Ohioans, and individuals at risk of homelessness were awarded more than $39.1 million in 10-year federal 9% Low-Income Housing Tax Credits, spanning 17 cities and 17 counties.
"There continues to be demand for quality, affordable housing throughout Ohio," said Bill Beagle, executive director of OHFA. "Today the OHFA Board approved funding for 25 housing developments that will help address this need and provide safe, affordable housing for older Ohioans and Ohio's growing workforce."
Of the developments receiving tax credit reservations, 76% will create housing for Ohio families, and housing for older Ohioans, 20% will preserve housing for Ohio families and housing for older Ohioans and 4% will create supportive housing for Ohioans.
OHFA reviewed 62 applications requesting more than $98.4 million in credits. Recipients were selected based on the policies and goals of the program, including affordability, geography, accessible design, supportive services, leveraged economic investment, and proximity to amenities.
Applicants receiving conditional commitments are:
Central
• Marion Housing Project (Marion) – Tenant Populations with Special Housing Needs
• Marysville Creekside (Union) – New Affordability: Senior
• Mercy on Main (Franklin) – New Affordability: General Occupancy
• Oakwood Apartments (Franklin) – Preserved Affordability
• Qualstan Greene* (Franklin) – New Affordability: Senior
• Riverbend Manor (Morrow) – New Affordability: Senior
Northeast
• Annunciation Terrace (Summit) – Preserved Affordability
• Cottages on West (Ashtabula) – New Affordability: Senior
• Living at 55 (Cuyahoga) – New Affordability: Senior
• Lorain Avenue Redevelopment Family (Cuyahoga) – New Affordability: General Occupancy
• Mosaic Senior Apartments (Richland) – New Affordability: Senior
• South Collinwood SFLP Homes (Cuyahoga) – New Affordability: General Occupancy
• Wick Lofts (Mahoning) – New Affordability: General Occupancy
Northwest
• Addie Joss Village (Lucas) – New Affordability: Senior
• Lenox Gardens† (Shelby) – New Affordability: General Occupancy
• NWC II Apartments (Allen) – Preserved Affordability
• Oakwood Village II (Henry) – New Affordability: General Occupancy
Southeast
• Norwood Greene (Washington) – Preserved Affordability
• Silvertide Apartments (Washington) – New Affordability: Senior
Southwest
• 2828 May Street II (Hamilton) – New Affordability: General Occupancy
• 550 Reading (Hamilton) – New Affordability: Senior
• Bridge Creek Manor (Darke) – New Affordability: Senior
• Fairview Magnolia (Hamilton) – Preserved Affordability
• June's Place* (Hamilton) – New Affordability: General Occupancy
• Sunflower Grove (Clark) – New Affordability: Senior
Properties marked with a (*) are CHDO Sponsor Set Aside projects.
Property marked with a (†) is a staff-recommended Community Impact Strategic Initiative Set Aside project.
Developers and their investment partners claim tax credits over a 10-year period to offset the costs associated with construction or rehabilitation of housing developments. In exchange for the credits, owners must maintain rents that are affordable and limit occupancy to residents with low- to moderate-incomes for a minimum of 30 years.
OHFA has administered the Housing Tax Credit program to facilitate the creation and preservation of more than 160,000 units in the state since 1987.
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.