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Ohio Gov. Bob Taft Signs Amended Substitute House Bill 431, Making the OHFA an Independent Entity

Thursday, February 3, 2005 - 7:15AM

Gov. Bob Taft this week signed Amended Substitute House Bill 431, making the Ohio Housing Finance Agency (OHFA) an independent entity, effective July 1, 2005. Established in 1983 by the Ohio Legislature, OHFA is currently a division of the Ohio Department of Development (ODOD). The agency is expected to enhance many of its programs and to continue to offer its other primary programs, including the mortgage revenue bond program; the Ohio Housing Trust Fund; federal low-income housing tax credits (LIHTCs); multi-family bonds and loan programs; and rental assistance for tenants through the Section 8 program.

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