The Low-Income Housing Tax Credit (LIHTC) program is a tax incentive program designed to increase the supply of quality, affordable rental housing by helping developers offset the costs of rental housing developments for individuals with low- to moderate-income. This program has been the largest driver of the production of new affordable housing in the state and nation over the past several years. Since 1987, OHFA has used the HTC program to facilitate the development of over 100,000 affordable rental housing units in Ohio.
2020-2021 Qualified Allocation Plan
The Qualified Allocation Plan (QAP) is the guiding policy document for both competitive and non-competitive housing tax credits. The QAP outlines all requirements for the current funding rounds, as well as important dates.
- 2020-2021 QAP – Second Draft (1.38 MB Adobe PDF File)
- Second Draft – Summary of Changes (196 KB Adobe PDF File)
- 2020-2021 QAP – First Draft (1.47 MB Adobe PDF File)
- First Draft – Summary of Changes (193 KB Adobe PDF File)
- 2020-2021 Kirwan USR Opportunity Map
Any comments can be sent to QAP@ohiohome.org.
Key Dates for 2020-2021 Policy Documents
|June||– Draft Opportunity Map released; Draft QAP released|
|July||– End of comment period for first draft QAP, Opportunity Map: July 19
– Public meeting: July 24
|August||– Second draft QAP released: August 15
– End of comment period for second draft QAP: August 30
|September||– Final QAP released: September 6
– Presentation of QAP to OHFA Multifamily Committee: September 11
– QAP Legal hearing: September 11 (tentative)
– Presentation of QAP to OHFA Board for approval: September 18
2018-2019 Qualified Allocation Plan
- 2019 QAP with Technical Amendments (1.07 MB Adobe PDF File)
- 2019 QAP Technical Amendments – Comment and Response Memo (743 KB Adobe PDF File)
- 2019 QAP Frequently Asked Questions (275 KB Adobe PDF File) Updated 1/4/19
- 2019 QAP Training Slides (5.65 MB Adobe PDF File)
- Kirwan USR Opportunity Map
Competitive (9%) Housing Tax Credit Program
Developers constructing or rehabilitating affordable housing statewide can apply for an allocation of 9% Housing Tax Credits. Due to the demand for 9% credits, OHFA typically funds only 25 to 30 percent of all applications submitted. In addition, because of the cost of applying for the program and the extensive compliance requirements, the program is best suited for rental housing developments with 25 or more units. OHFA strongly encourages all applicants to seek experienced legal and accounting counsel in order to comply with all program requirements found in the most current qualified allocation plan.
The deadline for the 2019 Competitive Tax Credit program was February 21, 2019. Awards are anticipated to be announced on May 15, 2019.
Non-Competitive (4%) Housing Tax Credit Program
Developers constructing or rehabilitating affordable housing statewide can apply for an allocation of 4% Housing Tax Credits. The Internal Revenue Code (IRC) requires that developments awarded 4% Housing Tax Credits must utilize multifamily bonds financing for more than 50 percent of the total project cost. OHFA strongly encourages all applicants to seek experienced legal and accounting counsel in order to comply with all program requirements found in the most current qualified allocation plan.
The application windows for 2019 Non-Competitive Tax Credits are as follows:
- January 7-11, 2019
- March 4-8, 2019
- June 3-7, 2019
- September 3-6, 2019
Application materials can be found on the Guidelines, Applications, and Forms page.
Questions and correspondence regarding the LIHTC program may be directed to:
Ohio Housing Finance Agency
57 East Main Street
Columbus, Ohio 43215