Housing Development Assistance Programs
Forecasted
Housing Development Assistance Programs support Ohio housing developers with gap financing for affordable housing construction, rehabilitation, and preservation to address development financing gaps.
Funder: Ohio Housing Finance Agency
Due Dates (Anticipated): January 2027 (Experience and Capacity) | February 2027 (Proposal applications) | July 2027 (Final applications)
Funding Amounts: Grants and loans; 2026 HDGF maximum requests of $1.5 million–$2 million, with 30-year loans at 2%
Summary: Competitive gap financing supports affordable housing construction, rehabilitation, and preservation in Ohio through three financing pathways.
Key Information: The financing pathway depends on whether the project uses competitive 9% credits, 4% credits with bonds, or no Housing Tax Credits.
Description
The Ohio Housing Finance Agency’s Housing Development Assistance Programs (HDAP) provide competitive grants and loans for developing and preserving affordable housing across Ohio. Funding comes from the HOME Investment Partnerships Program, Ohio Housing Trust Fund, and National Housing Trust Fund. The programs address financing gaps through three pathways organized around the other financing a development seeks.
Housing Credit Gap Financing accompanies the competitive 9% housing credit round. Bond Gap Financing supports developments using non-competitive 4% credits and multifamily bonds. Housing Development Gap Financing (HDGF) serves smaller multifamily developments without Housing Tax Credits, which often lack financing options. HDGF includes general housing and special-housing-needs pools, with priorities addressing affordability, place-based impact, and resource leveraging.
