OHFA Board Approves Financing for Nine Housing Developments

FOR IMMEDIATE RELEASE

Wednesday, November 20, 2024
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

Berkshire Lofts: Pivotal Development LLC and Bridges Community Action Partnership received approval for a $1.75 million Housing Development Loan. The development will construct 58 new units for families in Berkshire Township (Delaware County).

Bretton Woods II: National Church Residences received authorization for up to $8.74 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for $6,348,260 in Ohio Low-Income Housing Tax Credits. The development will construct 60 new units for older Ohioans in Columbus (Franklin County).

Reserve at Hunter Trace: Fairfield Homes, Inc. received authorization for up to $19 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for a $2 million Housing Development Loan and $12.5 million in Ohio Low-Income Housing Tax Credits. The development will construct 95 new units for older Ohioans in Lancaster (Fairfield County).

Northeast

Allerton Apartments: Salus Development LLC and Camber Property Group received approval for a $2 million Housing Development Loan. The development will rehabilitate 199 units for families in Cleveland (Cuyahoga County).

Foster Senior Lofts: Pivotal Development LLC and Elyria Community Partnership received authorization for up to $8 million in OHFA-issued Multifamily Housing Bonds. The development previously received approval for a $2 million Housing Development Loan and $4.5 million Housing Development Assistance Program funds. The development will create 46 new units for seniors in Elyria (Lorain County).

Southeast

Roberts Run Landing: Spire Development, Inc. and County Corp received approval for a $1.75 million Housing Development Loan. The development will construct 76 new units for families in Richland Township (Belmont County).

Southwest

At Main: Co-developers County Corp and Oberer Residential Construction, Ltd received approval for a $1.5 million Housing Development Loan, $4,836,600 in Housing Development Assistance Program funding, and authorization for up to $15 million in OHFA-issued Multifamily Housing Bonds. The development will construct 63 new units for families in Trotwood (Montgomery County).

Lakota Pointe: Co-developers April Housing LLC and McCormack Baron Salazar, Inc. received authorization for up to $38 million in OHFA-issued Multifamily Housing Bonds. The project will rehabilitate 204 units in 26 buildings for families in Liberty Township (Butler County).

Marquette Manor Apartments: Cincinnati Metropolitan Housing Authority received approval for a $2 million Housing Development Loan and authorization for up to $25.5 million in OHFA-issued Multifamily Housing Bonds. The development will rehabilitate 140 units for families in Cincinnati (Hamilton 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.

Public link

Please use the above public link if you want to share this noodl on another website.