Low-Income Housing Tax Credits & Supportive Housing in Ohio, 2014

Ohio’s 2014 Qualified Allocation Plan (QAP) offers supportive housing projects the chance to compete in a set-aside pool, for which there are scoring criteria.

Set-Asides

Ohio's 2014 QAP provides a $4,000,000 target pool for permanent supportive housing (PSH). Approximately $3,250,000 for developments located in the cities of Akron, Cincinnati, Cleveland, Columbus, Dayton and Toledo. Approximately $750,000 for developments located in all other areas of the state. Among the requirements for this target pool are that the Ohio Housing Finance Agency (OHFA) values projects that provide a commitment for rental subsidy for at least 50% of the units must have a commitment for rental subsidy that covers the difference between 30% of the resident’s income and the established rent for that unit. Projects not serving the homeless or those at-risk of homelessness will be limited to 1 award. PSH developments must obtain approval from their respective HUD designated Continuum of Care (CoC) or will not be considered for funding. Applicants must provide a supportive service plan.

Scoring Incentives

15 points will be awarded to a PSH proposal that is identified as the highest priority of the applicable COC for the location of the development. 5 points for innovative projects in the areas of seniors and health or families and opportunity.

Other Policies

PSH developments that receive 15 points for Highest Priority of Continuum of Care are eligible for a 130% basis boost. PSH populations are exempt from the requirement to provide a parking lot with concrete curbs and at least one parking space for each unit in the project. OHFA supports PSH as stand-alone developments or typical multifamily or senior developments that include a percentage of PSH units.

Contributed By: 
CSH

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