OHC provides input on the FY2025 Ohio Low-Income Housing Tax Credit (OLIHTC) Guidelines. The recommendations reflect consensus among OHC’s diverse membership and focus on streamlining processes and improving program effectiveness:

• Experience and Capacity Reviews: OHC recommends that these reviews remain valid for two years across different programs to reduce administrative burden, provide developers with more certainty, and minimize unnecessary expenditures.
• Draft Document Redlines: OHC strongly encourages OHFA to continue providing redlined versions of draft guidelines to improve transparency and ease of review.
• OLIHTC Application Cycle: Members support adopting a preliminary application and reservation process similar to the 9% LIHTC program and prefer spaced-out application windows instead of monthly rounds.
• Application Rejections: OHC appreciates the incorporation of cure periods but remains concerned about high rejection rates. The organization urges OHFA to ensure that removal from an application cycle remains an exception rather than the norm.
• OLIHTC Differentiating Factors: OHC supports aligning state tax credits with job growth areas and encourages OHFA to continue prioritizing economic development initiatives such as the Transformative Economic Development set-aside.
• AHFA Feedback: While praising the recent improvements to the Affordable Housing Funding Application (AHFA), OHC requests that any future delays in releasing materials be matched with corresponding extensions to application deadlines.

OHFA's Letter to OHC