RFPs/RFQs: Affordable Housing Development Projects

Title: 
Affordable Housing Development Projects
Description: 

In the spring of 2018, the Ohio Housing Finance Agency (OHFA) received an increase in the number of 9% Low-Income Housing Tax Credits (LIHTC) it can award from 2019-2021. OHFA has designated a portion of the increase, about $9 million in tax credits, to furthering the creation of diverse and accessible communities in Cleveland, Columbus and Cincinnati. OHFA has designated this initiative the FHAct50 Building Opportunity Fund (FHAct50).

Each community will receive up to $3 million in tax credits over the three year period, adding up to $30 million in equity for a City of Cleveland project or multiple projects. The City has made up to $1.5 million available for award in the 2019 round.

Opening Date/Time: 
Monday, April 1, 2019 - 8:00am
Closing Date/Time: 
Friday, May 10, 2019 - 5:00pm
Dep/Div: 
Community Development
Contact Name: 
Jennifer Chandler
Contact Phone: 
(216) 664-7965
Contact Fax: 
(216) 664-4006
No meeting