Ohio Revised Code Search

...(A) The department of development shall make an annual determination of the median income for persons in each county. (B) The director of development shall determine appropriate income limits for identifying or classifying low- and moderate-income persons for the purposes of sections 174.01 to 174.07 of the Revised Code. In making the determination, the director shall take into consideration the amount of income ava...

...(A) Annually, the department of development shall submit a report to the president of the senate and the speaker of the house of representatives describing the activities of the department under sections 174.01 to 174.07 of the Revised Code during the previous state 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 repres...

...(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...

... The department of development, on 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.

...As used in sections 175.01 to 175.13 of the Revised Code: (A) "Bonds" means bonds, notes, debentures, refunding bonds, refunding notes, and other obligations. (B) "Down payment assistance" means monetary assistance for down payment closing costs, and pre-paid expenses directly related to the purchase of a home. (C) "Financial assistance" means grants, loans, loan guarantees, an equity position in a proje...

...(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...

... (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 maj...

... (A) The governor shall appoint a chairperson 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 va...

...(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 ...

...There is hereby 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 sh...

... 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 ...

...(A) All bonds issued under this chapter are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of sinking and bond retirement or other special funds of political subdivisions and taxing districts of ...

...(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) This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes and the purposes of Section 14, of Article VIII and Section 16, Article VIII, Ohio Constitution. (B) The following are not public records subject to section 149.43 of the Revised Code: (1) Financial statements and data submitted for any purpose to the Ohio housing finance agen...

...(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 in...

... 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.

... (A) As used in this section: (1) "Federal credit" means the tax credit authorized under section 42 of the Internal Revenue Code. (2) "Credit period," "qualified low-income building," and "qualified basis" have the same meanings as in section 42 of the Internal Revenue Code. (3) "Qualified project" means a qualified low-income building that is located in Ohio, is placed in service on or after July 1, 2023, a...

... (A) As used in this section: (1) "Qualified project" means a project to develop single-family dwellings in this state that satisfies any qualifications established by the director under division (I) of this section. (2) "Pass-through entity" has the same meaning as in section 5733.04 of the Revised Code. (3) "Reserved credit amount" means the amount determined by the director and stipulated in the notice se...

... (A) As used in this section, "federally subsidized residential rental property" has the same meaning as in section 5713.031 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 p...