State Tax Credit Roundup: Ohio’s New Program in the National Spotlight

State Tax Credit Roundup: Ohio’s New Program in the National Spotlight
National publication highlights Ohio’s LIHTC program alongside developments in Georgia and Kentucky
Tax Credit Advisor has launched a new series examining state-level Low-Income Housing Tax Credits (LIHTCs) and related programs. In its first installment, the publication spotlights Ohio, Georgia, and Kentucky—underscoring how states are stepping up to expand affordable housing opportunities.
Key Points on Ohio’s Program:
- Strong Start: Ohio’s new state LIHTC program provides $100 million annually over four years. In 2024, OHFA allocated $87.5 million, supporting 859 new rental units.
- High Demand in 2025: In May, OHFA received 36 applications and awarded 13 projects, totaling $109 million in credits to produce 987 units.
- OHFA’s Role: The article emphasizes the importance of OHFA’s independent structure in effectively administering both state and federal housing credits.
- Policy Debate: It also notes legislative proposals to fold OHFA into the Department of Development and the strong pushback from housing advocates who stressed the risks of disrupting a high-functioning system.
- QAP Engagement: Ohio Housing Council and partners were highlighted for their role in shaping the Qualified Allocation Plan, including successful efforts to remove a proposed Neighborhood Opportunity Index threshold.
The full article, State Tax Credit Roundup, is available at Tax Credit Advisor.
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