HomeBuyerOhio.com
Title
Ohio Housing Finance Agency (OHFA): Entry Page
Description
The Ohio Housing Finance Agency offers affordable housing opportunities for Ohioans from rental assistance to homeownership. OHFA provides access to financial resources for the development and management of affordable, safe and sanitary housing. The Agency's programs serve first-time homebuyers, renters, senior citizens and other populations with special needs who otherwise might not be able to afford quality housing.
On February 1, 2005, Governor Bob Taft signed Amended Substitute House Bill 431 making the Ohio Housing Finance Agency an independent entity effective July 1, 2005. As an independent agency, OHFA will have the opportunity to institute cost-saving measures and achieve efficiencies to better serve the long-term affordable housing needs of Ohioans.
The Agency's affordable housing programs are supported primarily by revenues raised through the issuance, private sale and repayment of tax-exempt mortgage revenue bonds as well as contract fees received from HUD for the administration of housing assistance payments. The issuance of "AAA" rated bonds enables OHFA to provide mortgage loans to qualified homebuyers at interest rates below those in the conventional market. Capital raised from the issuance of the bonds supports the public purpose of financing new and existing affordable homeownership opportunities for individuals and families with low and moderate incomes.
Contact
- OHFA
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- Columbus OH
- United States 43215
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- 614-466-4196
