Single Family Tax Credit Program

  • Single-Family Tax Credit Program

Single Family Tax Credit Application Period

The Single Family Tax Credit Program is creating more opportunities for projects to submit applications for consideration. OHFA will administer monthly applications for the program for the remainder of calendar year 2024. The schedule is as follows:

  Application Period Start Date Application Period Due Date
July Round Monday, July 1, 2024 Friday, July 26, 2024, at 4:00 p.m. EST
August Round Thursday, August 1, 2024 Friday, August 30, 2024, at 4:00 p.m. EST
September Round Tuesday, September 3, 2024 Friday, September 27, 2024, at 4:00 p.m. EST
October Round Tuesday, October 1, 2024 Friday, October 25, 2024, at 4:00 EST
November Round Friday, November 1, 2024 Friday, December 6, 2024, at 4:00 EST

OHFA will review applications and award funding for each monthly round identified above. Each round will be reviewed and scored independently, with all applications submitted in each monthly round competitively scored against each other.

Click Here for Application

The resources below are designed to assist you with your Single Family Tax Credit application.

If you are unsure which pool your site is eligible for (Central City, Metro/Suburban, Rural), use the OHFA Property Locator Search Tool to look up details including census tract, geographic pool, opportunity index category, and opportunity index score.

Once you know the pool in which your site is located, use the relevant interactive map below to see how your site scores. Please note that the maps include only geographic scoring categories. The interactive map instructions provide a step-by-step guide designed to walk you through the process of using the maps for your application and include a Frequently Asked Questions section as well as a section on Data and Methodology. If you have questions regarding the maps after reading through these materials, please contact the Office of Research and Analytics.


How It Works

The Single Family Tax Credit program leverages public-private partnerships to increase the inventory of affordable, single-family housing for Ohio's growing workforce. The program provides $50 million a year for four years to fill the financing gap to develop or substantially rehabilitate housing in Ohio.

Project applications must include a minimum of five, single-family dwellings to be constructed or blighted structures to be made habitable. The dwelling sites may be contiguous or "scattered" site. Each dwelling must include a minimum of two bedrooms and one and one-half baths.

Each dwelling must be sold to a qualified buyer, as defined by the program, who will use it as their primary residence. The sale price of the house must be affordable (i.e., no more than 30% of the qualified buyer's monthly income) and remain affordable for 10 years after the initial sale.

The tax credit is calculated as the difference between the total development cost of the project and the aggregate appraised market value of all dwellings in the project. Proposed projects may receive up to a maximum of $50,000 in tax credits per dwelling, which are issued at the completion of the project. The tax credit can be claimed annually over a 10-year period with the annual amount equaling one-tenth of the total issued tax credit.


Ohio Revised Code and Ohio Administrative Code


Questions?

For more information, contact:
Single Family Tax Credit Program
singlefamilytaxcredit@ohiohome.org


Equal Housing OpportunityThe 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.