On behalf of OHC, Executive Director Ryan Gleason submitted testimony on HB 96, underscoring the critical role of OLIHTC in driving affordable housing while leveraging private investment. Key points include:

Program Background

OLIHTC is modeled on the successful federal LIHTC, which harnesses private sector expertise and investor oversight to deliver quality affordable housing.

Demand and Impact

Despite robust interest—over $500 million in applications in its initial years—the current program falls short of meeting Ohio’s housing needs.

The program’s scheduled sunset at fiscal year 2027 creates uncertainty, deterring long-term development investments.

Key Recommendations

• Increase Annual Tax Credits: OHC recommends raising the annual allocation to $200 million to better tap into the existing project pipeline.
• Extend Program Duration: Extending the program’s sunset to 2031 will provide the certainty developers need for multi-year projects and sustained community impact.

OHC Testimony in Ohio House Finance Committee