Ohio Revised Code Search

...am 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 services fund" ...

...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 housing services...

...(A)(1) The Ohio housing finance agency consists of eleven voting members and four nonvoting members. The governor, with the advice and consent of the senate, shall appoint nine of the voting members. The other two voting members are the director of commerce and the director of development or their respective designees. The four nonvoting members shall be two members of the house of representatives, one from each majo...

...rson from among the voting members. The agency members shall elect a voting member as vice-chairperson. The agency members may appoint other officers, who need not be members of the agency, as the agency deems necessary. (B) Six voting members of the agency constitute a quorum and the affirmative vote of six voting members is necessary for any action the agency takes. No vacancy in agency membership impairs the ri...

...(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 ...

... 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 used by the agency ...

...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...

... 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 interests the...

...de or rules adopted by any governmental agency of this state with respect to investments, and are acceptable as security for the deposit of public moneys. (B) The exercise of the powers this chapter grants is in all respects for the benefit of the people of the state, for the improvement of their health, safety, convenience, and economic welfare, and for the enhancement of the opportunities for safe and sanitary ho...

... 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. The agency shall administer the fund. The agency may request funds as needed pursuant to section 169.05 of the Revised Code to fund loans, loan guarantees, and loan subsidies. The agency may request funds for a loan guarantee only to satisfy a mortgage gu...

...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 175.17 of the Revised...

... 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 and ...

...( 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 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 or one of the pro...

...ve 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 develops, constr...

...d 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 subsidized residential...

...As used in sections 175.30 to 175.32 of the Revised Code: (A) "First home" or "home" means the first residential real property located in this state to be purchased by a recipient who has not owned or had an ownership interest in a principal residence in the three years prior to the purchase. (B) "Graduate" means an individual who has graduated from an institution of higher education and who is eligible under d...

...inistered by the Ohio housing finance agency using moneys available to it. The program shall not be subject to the income limits established by the agency under section 175.05 of the Revised Code. Participation in the program shall require a graduate to be eligible under division (B) of this section. (B)(1) A graduate is eligible to participate in the program if the graduate: (a) Is an Ohio resident who...

...r the program, the Ohio housing finance agency shall secure the amount of the down payment assistance by a lien on the home for a period of five years. Such lien shall attach, and may be perfected, collected, and enforced in the same manner as a mortgage lien on the home, and shall otherwise have the same force and effect as a mortgage lien, except that it shall be subordinate to a mortgage lien securing any money lo...

...(A) Except as otherwise provided in sections 2506.05 to 2506.08 of the Revised Code, and except as modified by this section and sections 2506.02 to 2506.04 of the Revised Code, every final order, adjudication, or decision of any officer, tribunal, authority, board, bureau, commission, department, or other division of any political subdivision of the state may be reviewed by the court of common pleas of the county in ...