HOUSING DEVELOPMENT TOOLKIT
FOR MUNICIPAL OFFICIALS AND STAFF

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Funding Mechanisms

OPPORTUNITIES

Funding Mechanisms > Opportunities
Low-Income Housing Tax Credits (LIHTC):

LIHTC is a crucial funding mechanism administered by the Ohio Housing Finance Agency (OHFA). It provides tax incentives to developers and investors
who build or rehabilitate affordable rental housing for low-income households.

Developers apply for LIHTC through OHFA’s competitive application process, demonstrating project feasibility, community impact, and affordability.

Case studies

Federal and State Grants

LIHTC is aVarious federal and state grants support affordable housing development in Ohio. These funds may come from sources like the HOME Investment Partnerships Program, Community Development Block Grants (CDBG), and state appropriations aimed at housing development.

CHALLENGES

Costs

LIHTC is aVarious federal and state grants support affordable housing development in Ohio. These funds may come from sources like the HOME Investment Partnerships Program, Community Development Block Grants (CDBG), and state appropriations aimed at housing development.

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