Ohio Revised Code Search

... department of development and the Ohio housing finance agency shall each develop programs under which, in accordance with rules adopted under this section, they may make grants, loans, loan guarantees, and loan subsidies to counties, municipal corporations, townships, local housing authorities, and nonprofit organizations and may make loans, loan guarantees, and loan subsidies to private developers and private lende...

...tion the amount of income available for housing, family size, the cost and condition of available housing, ability to pay the amounts the private market charges for decent, safe, and sanitary housing without federal subsidy or state assistance, and the income eligibility standards of federal programs. Income limits may vary from area to area within the state.

...te fiscal year. (B) Annually, the Ohio housing finance agency shall submit a report to the president of the senate and the speaker of the house of representatives describing the activities of the agency under sections 174.02, 174.03, and 174.05 of the Revised Code during the previous state fiscal year.

...(A) There is hereby created the housing trust fund advisory committee. The committee consists of the following seven members, appointed by the governor, with advice and consent of the Senate, who possess knowledge and experience with respect to the housing needs of low- and moderate-income persons: (1) One member to represent lenders; (2) One member to represent affordable housing developers; (3) One member to re...

...n its own and on the behalf of the Ohio housing finance agency and the Ohio department of aging, shall obtain controlling board approval prior to making any grant, loan, loan guarantee, or loan subsidy greater than fifty thousand dollars from or allocated from the low- and moderate-income housing trust fund.

... means any program for which the Ohio housing finance agency provides financing, directly or indirectly, for the purchase of housing for owner-occupancy. (F) "Housing" means housing for owner-occupancy and multifamily rental housing. (G) "Housing development fund" means the housing development fund created and administered pursuant to section 175.11 of the Revised Code. (H) "Housing finance agency personal...

...(A) There is hereby created the Ohio housing finance agency, a body corporate and politic, performing essential governmental functions of the state. The mission of the agency includes but is not limited to assisting with the financing, refinancing, production, development, and preservation of safe, decent, and affordable housing for occupancy by low- and moderate-income persons; provision of rental assistance and hou...

... an annual plan to address this state's housing needs. The agency shall appoint an annual plan committee to develop the plan and present it to the agency for consideration. (2) The annual plan committee shall select an advisory board from a list of interested individuals the executive director provides or on its own recommendation. The advisory board shall provide input on the plan at committee meetings prior to th...

...(A) The Ohio housing finance agency shall do all of the following related to the agency's operation: (1) Adopt bylaws for the conduct of its business; (2) Employ and fix the compensation of the executive director who serves at the pleasure of the agency to administer the agency's programs and activities. The executive director may employ and fix the compensation of employees in the unclassified civil service ...

...ereby created in the state treasury the housing finance agency personal services fund. The fund shall consist of moneys within the control of the Ohio housing finance agency that the agency, or the treasurer of state on behalf of the agency, periodically deposits into the state treasury to the credit of the fund in order to pay the compensation of the employees of the agency. Amounts credited to the fund shall be use...

...The Ohio housing finance agency, in providing homeownership program assistance, shall give preference to grants or loans for activities that provide housing and housing assistance to honorably discharged veterans.

...The executive director employed by the agency pursuant to division (A)(2) of section 175.05 of the Revised Code shall do all of the following: (A) File financial disclosure statements as described in section 102.02 of the Revised Code; (B) Ensure policies and procedures are developed and maintained for the operation and administration of the agency's programs and activities that encourage competition and mini...

...(A) The Ohio housing finance agency shall do all of the following related to carrying out its programs: (1) Upon the governor's designation, serve as the housing credit agency for the state and perform all responsibilities of a housing credit agency pursuant to Section 42 of the Internal Revenue Code and similar applicable laws; (2) Require that housing that benefits from the agency's assistance be available ...

...(A)(1) The Ohio housing finance agency shall not approve funding for any multifamily rental housing to be constructed with agency assistance or pursuant to any program the agency operates or administers unless the applicant provides notice of the proposed project as this section requires. (2) Any notice shall be in writing and delivered by certified mail. The notice shall include the proposed project's address, the ...

...(A) The Ohio housing finance agency may use the proceeds of bonds to carry out the agency's lawful purposes. (B) The agency is the sole entity in the state that may issue bonds pursuant to Section 143(a) of the Internal Revenue Code or any similar provision of law. When the agency issues bonds to fund its homeownership program, it shall take all diligent measures to maximize the distribution of mortgage loans statew...

...(A)(1) At the discretion of the Ohio housing finance agency, bonds issued pursuant to this chapter may be secured by a trust agreement between the agency and a corporate trustee, which may be any trust company or financial institution that has the powers of a trust company and is qualified to exercise those trust powers within this state. A trust agreement may pledge or assign the agency's revenues and security ...

...the opportunities for safe and sanitary housing and is a public purpose. (C) The programs undertaken by the Ohio housing finance agency constitute the performance of essential public functions, and the bonds issued under this chapter, their transfer, and income from those bonds, including any profit made on their sale, is at all times free from taxation within this state.

...(A) There is hereby created the housing development fund, which shall be in the custody of the treasurer of state but shall not be part of the state treasury. The fund shall consist of all grants, gifts, loan repayments, and contributions of money made from any source to the Ohio housing finance agency for deposit into the fund in addition to amounts loaned to the agency pursuant to section 169.05 of the Revised Code...

...a submitted for any purpose to the Ohio housing finance agency or the controlling board by any person in connection with applying for, receiving, or accounting for financial assistance the agency provides; (2) Information that identifies any individual who benefits directly or indirectly from financial assistance the agency provides. (3) Information provided to the tax commissioner under section 175.16 or 175.1...

...(A) Any agreement the Ohio housing finance agency enters into with bondholders is a contract that the agency shall enforce and no action of the general assembly or any state agency may limit or alter the terms of that agreement or the authority of the agency or its successors to fulfill the terms of that agreement. No state agency may impair any right or remedy of the holders of bonds until the agency has fully met a...

...( A) The Ohio housing finance agency shall include reducing infant mortality as a priority housing need in the agency's annual plan under section 175.04 of the Revised Code. (B) The Ohio housing finance agency may establish a housing assistance pilot program to expand housing opportunities for extremely low-income households that include pregnant women or new mothers. The housing assistance pilot program shall incl...

...The Ohio housing finance agency and the Ohio development services agency shall include pregnancy as a priority in its housing assistance programs and local emergency shelter programs. In consultation with the Ohio development services agency, the Ohio housing finance agency may adopt rules in accordance with Chapter 119. of the Revised Code that are necessary to implement the requirements of this section.

...n" means the plan developed by the Ohio housing finance agency, as required under section 175.06 of the Revised Code, for evaluating and selecting projects for the federal credit pursuant to the mandates and requirements within section 42 of the Internal Revenue Code. (12) "Internal Revenue Code" has the same meaning as in section 5747.01 of the Revised Code. (13) "Designated reporter" means the project owner o...

...eans the executive director of the Ohio housing finance agency. (14) "Unit of government" means a county, township, municipal corporation, regional planning commission, community improvement corporation, economic development corporation, or county land reutilization corporation organized under Chapter 1724. of the Revised Code, or port authority. (15) "Project development team" means the group of entities that ...

...31 of the Revised Code. (B) The Ohio housing finance agency shall prepare and maintain a list of all federally subsidized residential rental property in the state. The list shall be organized by county and include the following information for each individual property: (1) The owner of the property; (2) The address and permanent parcel numbers associated with the property; (3) The type of federally subsid...