LAW
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Ohio Laws and Rules
(A) GENERAL REQUIREMENTS
(1) Any non-profit corporation seeking funds from the trust fund to finance a housing development project shall make application through the non-profit housing development funding system administered by OHCP using the forms and meeting the criteria prescribed by ODOD.
(2) Any local government seeking to receive funds from the trust fund to finance housing rehabilitation, home repair, new construction of housing and related activities as specified by CDD, shall make application through the community housing improvement program administered by OLGS, using the forms and meeting the criteria prescribed by OLGS.
(3) Any local government, non-profit corporation, housing authority, private developer, or private lender seeking to use funds from the trust fund for housing activities other than those specified in paragraphs (B)(1) and (B)(2) of this rule, shall submit a proposal in response to a request for proposals issued at least annually each fiscal year by CDD.
(4) ODOD shall consult with the housing trust fund advisory committee on the allocation of trust fund monies among the non-profit housing development funding system, the community housing improvement program, the requests for proposals and the programs of the Ohio housing finance agency.
(B) ELIGIBILITY AND EVALUATION CRITERIA FOR THE RECEIPT OF FUNDS.
(1) Any non-profit corporation receiving funding from the trust fund through the non-profit housing development funding system shall use such funding to develop or improve housing affordable to households with incomes of thirty-five per cent of area median income or below.
(2) Any local government receiving funding from the trust fund through the community housing improvement program shall use such funding to develop or improve housing affordable to households with incomes of thirty-five per cent of area median income or below.
(3) Proposals submitted in response to a trust fund request for proposals will be evaluated by CDD and shall take into consideration all of the following criteria:
(a) Effectiveness of the proposal in targeting the priority housing activities listed in the request for proposals;
(b) Track record and expertise of the applicant;
(c) Effectiveness of the project in meeting the goals of the trust fund including but not limited to the following:
(i) Serving households with incomes of thirty-five per cent of area median income or below;
(ii) Providing at least forty-five per cent of all funds to non-profit corporations;
(iii) Providing at least thirty-five per cent of all funds to rural areas;
(d) Cost-effectiveness of the proposed activity, reasonableness of the funding request and extent to which funds will be repaid to the trust fund;
(e) Support for the proposal from other funding sources and leverage of other resources;
(f) Extent to which the project is consistent with a local neighborhood or community development strategy;
(g) Coordination of housing and social services where applicable;
(h) Feasibility of the proposed schedule, budget and project outcomes;
(i) Need for the proposed activity and the extent to which the project can serve as a model to be duplicated;
(j) Need for funding from the trust fund and availability of funding for the project from other sources; and
(k) Any other matter CDD deems relevant.
(4) CDD may, after consultation with the housing trust fund advisory committee, make funds available for housing projects and programs affordable to households with incomes up to eighty per cent of the area median income. However, in no case shall more than twenty-five per cent of all trust fund monies be used to serve households with incomes greater than fifty per cent of the area median income.
HISTORY: Eff 4-16-92 (Emer.); 6-26-92
Rule promulgated under: RC Chapter 119.
Rule authorized by: RC 175.22(D)
Rule amplifies: RC 175.21 to 175.25