OHFA Board Approves Financing for Four Housing Developments and Announces the Housing Development Gap Financing Awards

FOR IMMEDIATE RELEASE

Friday, April 17, 2026
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 four housing developments to create or preserve affordable housing units throughout the state. The developments that received Board approvals for funding are:

Northeast

North View Manor: Co-developers CHN Housing Partners and Medina Metropolitan Housing Authority received approval authorizing the issuance of up to $4.5 million in Multifamily Housing Revenue Bonds and was previously approved for a Housing Development Loan and 4% Low-Income Housing Tax Credit (LIHTC) with Housing Development Assistance Program funds. The development will rehabilitate 85 units for older Ohioans in Medina (Medina County).

Southwest

Blackstone Commons: Spire Development, Inc., received approval for a $2.5-million Housing Development Loan, $3.998 million in Housing Development Assistance Program funding, and an allocation of $11,216,890 in Ohio LIHTC. The development will create 99 units for families in Washington Court House (Fayette County).

Maple Tower: Cincinnati Metropolitan Housing Authority received approval authorizing the issuance of up to $9.6 million in Multifamily Housing Revenue Bonds and will receive a 4% LIHTC reservation. The development will rehabilitate 120 units for families in Cincinnati (Hamilton County).

St. Teresa Village: National Church Residences received approval for a $2-million Housing Development Loan and approval authorizing the issuance of up to $3.92 million in Multifamily Housing Revenue Bonds. The development will rehabilitate 50 units for older Ohioans in Silverton (Hamilton County).

2026 Housing Development Gap Financing Awards

OHFA also announced the results of the 2026 Housing Development Gap Financing program (HDGF). The HDGF program provides gap financing for developments that will construct or rehab at least four but no more than 24 units.

The developments invited to submit a final application 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.