OHC submits feedback on the second draft of the 4% LIHTC with Bond Gap Financing Guidelines, highlighting key points:

• Positive Change: OHC appreciates the shift from using “Rehabilitation Hard Construction Costs per Unit” to “Bond-Gap Financing per LIHTC Unit,” which promotes better use of resources and allows for additional funding sources.
• Disqualifying Developer and Owner Characteristics: OHC expresses concern over the new language disqualifying developers who have not closed an HDAP award by the Program Year 2024 Proposal Application deadline. OHC suggests removing this absolute prohibition or allowing for an exception request.

OHC's Letter to OHFA