OHFA Board Approves Financing for Nine Housing Developments

FOR IMMEDIATE RELEASE

Wednesday, January 15, 2025
Media Contact: Penny Martin
Phone: 614.728.2911
Email: [email protected]

COLUMBUS, OH - Today, the Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support nine housing developments. Developments that received Board approvals for funding are:

Central

AspireCOLUMBUS: Columbus Metropolitan Housing Authority received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will construct 70 units for families and 12 market-rate units in Columbus (Franklin County).

Brookside Place: LEADS received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will rehabilitate 31 units for families in Pataskala (Licking County).

Knoll View Place: Community Housing Network, Inc., received approval for a $2.5 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will construct 50 service-enriched units in Columbus (Franklin County).

Maplewood and Sugar Grove: Columbus Metropolitan Housing Authority received approval for a $2 million Housing Development Loan. This project will also receive a 4% LIHTC reservation. The development will rehabilitate 191 units for older Ohioans: 71 units in Whitehall and 120 units in Westerville (Franklin County).

Scioto Rise Place: Community Housing Network, Inc., received approval for a $2.5 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will construct 60 service-enriched units in Columbus (Franklin County).

Northeast

Divinity Landing: National Church Residences received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will construct 54 units for older Ohioans in Macedonia (Summit County).

Stown Kent Gardens: Wallick Development LLC received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will rehabilitate 85 units for families and older Ohioans in Stow (Summit County).

Northwest

Bowling Green Senior Housing: Co-developers, Sunset Development & Investment, LLC, and Lowenstein Development, LLC, received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will construct 66 units for older Ohioans in Bowling Green (Wood County).

Southeast

Thornville Manor: Fairfield Homes, Inc., received approval for a $1.75 million Housing Development Loan. This project previously received a reservation of 9% LIHTC in May 2024. The development will rehabilitate 24 units for older Ohioans in Thornville (Perry County).

For more information on 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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