Strategic Square Footage Reduction Demolition Loan Program (FY27)
Strategic Square Footage Reduction Demolition Loan Program (FY27) supports Ohio state higher education institutions with loans for voluntary facility demolition to reduce square footage and operating costs.
Funder: Ohio Department of Higher Education
Due Dates: November 9, 2026 (Full application) | November 10, 2026 (Review begins) | Week of December 7, 2026 (Preliminary awards)
Funding Amounts: $55,650,000 appropriated for FY2027; revolving loans with 5-, 10-, or 15-year repayment options
Summary: Revolving loans support voluntary demolition that reduces physical square footage at Ohio state institutions of higher education.
Key Information: Only eligible state institutions may borrow, including for facilities owned by nonprofit affiliates; new construction is prohibited during demolition.
Description
The Ohio Department of Higher Education (ODHE) administers revolving loans from the Strategic Square Footage Reduction Fund to help Ohio state institutions of higher education voluntarily reduce physical square footage. Established by House Bill 96 of the 136th General Assembly, the program operates under Ohio Revised Code Section 3333.96. It supports demolition of whole facilities or portions of facilities owned by institutions or their nonprofit affiliates.
Priority consideration goes to institutions experiencing enrollment decline, with additional consideration for low fiscal capacity. Projects are also assessed on their application responses and return on investment, including demolition costs and ongoing operating savings. Applicants must complete sufficient planning before applying to establish a reasonable demolition estimate and demonstrate that the site will be left clean, safe, and suitable for its intended use.
