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Bill Introduced in Ohio to Create State LIHTC

Wednesday, February 9, 2022 - 2:00PM

A bill introduced in the Ohio General Assembly would create a nonrefundable state low-income housing tax credit (LIHTC) with a statewide annual ceiling of $500 million. H.B. 560 would create a credit up to the federal LIHTC award amounts. The credit would be effective for qualified properties placed in service after Jan. 1, 2022, and no credits could be allocated after Jan. 1, 2028.

Hear more about how the federal LIHTC interacts with state credits at the Novogradac 2022 Affordable Housing Conference, April 28-29 in San Francisco.

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