OHC Submits Comments on Draft 4% LIHTC Qualified Allocation Plan
OHC Submits Comments on Draft 4% LIHTC Qualified Allocation Plan
Advocates for Flexibility in Experience Standards and Realistic Financial Commitment Requirements
OHC submits comments to the Ohio Housing Finance Agency (OHFA) regarding the draft 4% LIHTC Qualified Allocation Plan (QAP).
Key points include:
- Experience and Capacity Process: OHC urges OHFA to adopt a more flexible approach to evaluating development teams, recognizing the diverse roles and structures involved in affordable housing projects.
- Conditional Financial Commitments: The draft requirements do not align with the timing and structure of 4% LIHTC deals. OHC recommends adjustments to better reflect industry practices.
Powered By GrowthZone