Multifamily Lending Program, Ohio

In September 2014, the Ohio Housing Finance Agency Board approved the Multifamily Lending Program. The objective of the program is to provide financing – otherwise unavailable in the private market – to 20 projects a year consisting of approximately 1,000 total units over state fiscal years 2015 through 2017. 

The sources of funding are OHFA resources and Recycled TCAP. The maximum loan amount is $1 million. Preference will be given to borrowers with considerable and successful experience with OHFA programs and that have sufficient staff capacity, substantial financial resources, and an excellent credit history.

OHFA will begin accepting initial requests for loans on December 1, 2014. 

Contributed By: 
National Housing Trust

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