OHFA Board Approves Financing for Three Housing Developments and Announces 2026 Ohio LIHTC Allocations

FOR IMMEDIATE RELEASE

Friday, October 17, 2025
Media Contact: Penny Martin
Phone: 614.728.2911
Email: [email protected]

COLUMBUS, OH - Yesterday, the Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support three housing developments to create or preserve affordable housing units throughout the state. The Board also announced that four applicants will be asked to submit final applications for the 4% Low-Income Housing Tax Credit (LIHTC) with Bond Gap Financing (BGF) program and 10 applicants will be asked to submit final applications for the State Fiscal Year 4% LIHTC with 2026 Ohio LIHTC program.

The developments that received Board approvals for funding are:

Bexley Apartments: The Community Builders, Inc. received approval for a $1.75 million Housing Development Loan. The development, which also received an allocation of 9% Low-Income Housing Tax Credits (LIHTC) in 2022, will construct 43 new units for families in Bexley (Franklin County).

Easton Place Homes Phase III: Co-developers, Columbus Housing Partnership, Inc. and Georgetown Midwest, LLC, received approval authorizing the issuance of up to $10.5 million in Multifamily Housing Revenue Bonds. The development also received an allocation of 4% LIHTC with 2025 Ohio LIHTC. The development will construct 50 new units for families in Columbus (Franklin County).

Harding Heights Apartments: Wallick Development, LLC received approval authorizing the issuance of up to $8.5 million in Multifamily Housing Revenue Bonds. The development also received an allocation of 4% LIHTC with 2025 Ohio LIHTC. The development will construct 50 new units for older Ohioans in Marion (Marion County).

4% Low-Income Housing Tax Credit (LIHTC) with BGF program and the 4% LIHTC with 2026 Ohio LIHTC program allocations

OHFA also announced the results of the 4% LIHTC with BGF and 4% LIHTC with 2026 Ohio LIHTC programs. The 4% LIHTC with BGF program will utilize $14.35 million of HOME Investment Partnership and National Housing Trust Fund dollars to support the projects. There are four developments that will be invited to submit a final application for 2025 4% LIHTC with BGF funding. Those developments are:

For the 4% LIHTC with 2026 Ohio LIHTC program, $10.3 million in annual tax credits are available for allocation, and $10 million of Ohio Housing Trust Fund dollars will be utilized as gap financing for rural projects seeking Ohio LIHTC. In the 2026 Ohio LIHTC program, 10 projects will be invited to submit a final application. Those developments are:

A complete list of applicants and links to the project summaries can be found on OHFA's website.

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.