Low-Income Housing Tax Credits & Cost Containment in Ohio, 2016-17

Ohio’s 2016-17 QAP awards points for projects that keep their development costs low.

5 points are awarded for developments with a total development cost per unit below $130,000.

5 points are also awarded for developments that are requesting a housing tax credit allocation that is 25 percent below the maximum allowable credit request in the competitive pool.

Ohio’s 2016-17 QAP also offers up to 20 points for financial characteristics:

  • OHFA will award up to 10 points to proposed developments based on the housing tax credits requested per unit. This will be calculated by dividing the total credit amount requested by the total number of units.
    • Ten points will be awarded to proposals with $11,000 credits per unit and below
    • Nine points will be awarded to proposals with $11,001 - $13,000 credits per unit
    • Eight points will be awarded to proposals with $13,001 - $15,000 credits per unit
    • Seven points will be awarded to proposals with $15,001 credits per unit and above

Proposals are awarded one point for each one percent of total development costs leveraged through non-OHFA resources and conditionally committed, for up to a maximum amount of 20 points.

Contributed By: 
National Housing Trust

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