OHFA Board Approves Financing for Four Developments

(COLUMBUS, Ohio) Yesterday, the Ohio Housing Finance Agency (OHFA) Board approved financing from various programs for four 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).

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).

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).

For more information on the programs offered by the Ohio Housing Finance Agency, visit ohiohome.org.