OHFA Board Approves Affordable Housing Initiatives

COLUMBUS, OH – October 19, 2012 – (RealEstateRama) — The Ohio Housing Finance Agency (OHFA) yesterday awarded $750,000 through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF). Oakwood Village Housing in Napoleon, Henry County was awarded $750,000 for the acquisition and rehabilitation of a 32-unit development for families. The community consists of five residential buildings with a community building. The rehabilitative work includes the replacement of roofs, windows, doors, cabinets, flooring, plumbing fixtures and electrical components.