The Housing Development Assistance Programs (HDAP) provide grants and loans for the development and preservation of affordable housing.
The funding for the HDAP comes from multiple sources:
- HOME Investment Partnerships Program (HOME)
- Ohio Housing Trust Fund (OHTF)
- National Housing Trust Fund (NHTF)
Available Funding:
HDAP funds are awarded on a competitive basis through three distinct funding programs based on the other financing being sought.
Housing Credit Gap Financing (HCGF)
When used with the annual competitive (9 percent) housing credit round, HDAP funds are referred to as housing credit gap financing. Program requirements are found in the most current Qualified Allocation Plan.
Bond Gap Financing (BGF)
Developers using non-competitive (4 percent) credits in conjunction with multifamily bonds may compete for HDAP funds in the BGF round. Program requirements are found in the most current BGF Guidelines.
Housing Development Gap Financing (HDGF)
Developers seeking to construct or rehabilitate small, multifamily housing developments (including fewer than 25 units) and not seeking Housing Tax Credits may compete for HDAP funds in the HDGF round.
Past program guidelines can be found here.
Terms
Details on terms for each program can be found in the respective program's guidelines. All HDAP awards are closed through the Legal Office.
All HDAP awards are closed through the Legal Office.
Audit Confirmations
The Ohio Housing Finance Agency (OHFA) has created an email box through which owners may submit requests to confirm loan balances (Audit Confirmations) as required by third-party auditors. This will expedite OHFA's review and response to such requests as this mailbox will be managed by the Finance Office. Please submit such requests to: AuditConfirmations@ohiohome.org
Program Advisory Committee
Annually, OHFA holds a Public Advisory Committee Meeting to solicit feedback from interested stakeholders to inform the development of HDAP Guidelines for the following year.
Contact Information
Questions and correspondence regarding HDAP may be directed to:
Multifamily Housing – Development Division
Ohio Housing Finance Agency
2600 Corporate Exchange Drive, Suite 300
Columbus, OH 43231