Housing Development Loan Program, Ohio

Ohio Housing Finance Agency’s Housing Development Loan (HDL) program provides financial support for the development of housing for low- to moderate-income Ohioans - Construction Deposit Grant, Equity Bridge Loan, Flex Loan.

Three different types of loans are available:

  • Construction Deposit Grant: Financing that "writes down" the cost of construction loan interest
  • Equity Bridge Loan: Interim financing for deferred equity from the sale of housing credits
  • Flex Loan: Flexible loan that may be used to address financing needs unmet by other OHFA products

Housing development loans are used in conjunction with our three major housing development programs: Housing Tax Credit program, Housing Development Gap Financing (HDGF), and Multifamily Bond program. OHFA requires that developers or other entities provide sufficient collateral to ensure repayment of their housing development loans. If you are unable to meet the collateral requirements, you may wish to pursue funding through the Housing Development Assistance Program.

Contributed By: 
National Housing Trust

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