4% LIHTC with Bond Gap Financing Update

 

Technical Assistance Session Slides and FAQs Posted


OHFA held a Technical Assistance Session for prospective applicants in the upcoming 4% LIHTC with Bond Gap Financing (BGF) round on August 17, 2023. Slides from that session are posted on the HDAP website here. Additionally, the Agency posted the first set of frequently asked questions (FAQs), which can also be found on the same website. As additional questions arise, OHFA will post updates to the FAQs until the proposal application deadline. Additional questions about the 4% LIHTC with BGF round can be submitted to 4PercentComments@ohiohome.org.


Pre-applications Due Tomorrow, Thursday, August 24, 2023


In accordance with page 5 of the 2023 4% LIHTC with BGF Guidelines, Pre-applications for this round are due tomorrow, Thursday, August 24, 2023, by no later than 5 p.m. Eastern Time (ET). All pre-applications should be submitted via the Agency’s File Transfer Site (FTS). Each pre-application must be uploaded separately as a .ZIP file. More details on submitting via the FTS can be found on page 6 of the guidelines. If you are not registered in the FTS, please email MultifamilyFTP@ohiohome.org.


Lien and Litigation Reports Deadline Extension


Based on several industry comments, OHFA will allow a maximum one-week extension for Lien and Litigation Reports to be submitted. All other items required at pre-application, such as audited financial statements, a real estate-owned (REO) schedule, Programmatic Exception Requests, and Pre-Application forms (listed on the above-mentioned HDAP website), must be submitted by the pre-application deadline. Lien and Litigation Reports must be submitted to the Agency by no later than Thursday, August 31, 2023, at 5 p.m. ET via the File Transfer Site.

 
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