OHFA board approves financing for 11 developments
The Ohio Housing Finance Agency (OHFA) Board recently approved financing from various programs for 11 housing developments to create or preserve affordable housing units throughout the state.
Developments that received Board approval for funding are:
CENTRAL
The Reserve at Mount Gilead II: Fairfield Homes, Inc., received approval for $300,000 in Housing Development Assistance Program funds and a $1.75 million Housing Development Loan. The project will construct 43 new units for older Ohioans in Mount Gilead (Morrow County).
Hebron Senior Apartments: National Church Residences received approval for a $1.75 million Housing Development Loan. The project will construct 42 new units for older Ohioans in Hebron (Licking County).
Touchstone Field Place II: Community Housing Network, Inc., received approval for $5 million in Housing Development Assistance Program funds and a $2 million Housing Development Loan. The project will construct 44 new units for Ohioans that are homeless or at risk of homelessness in Columbus (Franklin County).
NORTHEAST
Northside Villas: Co-developers, TWG Development, LLC and Community Action Wayne/Medina received approval for $300,000 in Housing Development Assistance Program funds and a $1.75 million Housing Development Loan. The project will construct 42 new units for families in Wooster (Wayne County).
Hope Homes I: CHN Housing Partners received approval for a $1.25 million Housing Development Loan. The project will construct 30 single-family, lease-to-purchase homes for families in Cleveland (Cuyahoga County).
Niles Senior Housing: Neighborhood Development Services, Inc., received approval for $1,169,762 in Housing Development Assistance Program funds and a $1.25 million Housing Development Loan. The project will construct 42 new units for older Ohioans in Niles (Trumbull County).
NORTHWEST
Defiance Ridge Apartments: Buckeye Community Hope Foundation received approval for a $1.75 million Housing Development Loan. The project will rehabilitate 36 units for families in Defiance (Defiance County).
SOUTHWEST
Forest Park I: Co-developers, Standard Enterprises, Inc. and Adirondak Community Development LLC received approval for $3.9 million in Housing Development Assistance Program funds. The project will construct 52 new units for families in Dayton (Montgomery County).
Jalen Lofts: Co-developers, Pivotal Development LLC and The Trotwood Community Development Corporation received approval for $4.5 million in Housing Development Assistance Program funds, a $2 million Housing Development Loan, and $3.875 million Multifamily Lending Program resources. The project will construct 66 new units for families in Trotwood (Montgomery County).
Renew Miami Chapel Phase I: Co-developers, Model Property Development, LLC and Invictus Development Group, Inc., received approval for a $1.75 million Housing Development Loan. The project will construct 44 new units for families in Dayton (Montgomery County).
Stratford Place: Fairfield Homes received approval for $2.55 million in Housing Development Assistance Program funds and a $2 million Housing Development Loan. The project will rehabilitate 100 units for older Ohioans in Dayton (Montgomery County).
For more information on the programs offered by the Ohio Housing Finance Agency, visit ohiohome.org.
The Ohio Housing Finance Agency is an Equal Opportunity Housing entity. Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry. Please visit www.ohiohome.org for more information.
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