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OHC Submits Comments on 2nd Draft of the Ohio LIHTC State Fiscal Year 2025 Guidelines

OHC Submits Comments on 2nd Draft of the Ohio LIHTC State Fiscal Year 2025 Guidelines

OHFA OLIHTC

Seeks Clarification and Support for Key Changes

OHC submits comments on the second draft of the Ohio LIHTC State Fiscal Year 2025 Guidelines, addressing several key points:

  • Community Impact Strategic Initiative: OHC requests clarification on local support requirements and the term "localities" used for selecting projects in the initiative.
  • Annual OLIHTC per LIHTC Unit: OHC supports unit production but raises concerns about potentially incentivizing financially risky projects.
  • Tiebreakers: OHC recommends prioritizing the number of units produced as the first tiebreaker to build more affordable housing in underserved areas.
  • Development Team Experience and Capacity: OHC seeks confirmation that the prohibition on incomplete development teams applies only to the development team, not the ownership entity.
  • Disqualifying Developer and Owner Characteristics: OHC requests removal of the disqualification for developers who haven't closed an HDAP award from 2022 or earlier, urging flexibility in such cases.

OHC's Letter to OHFA

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