The Ohio Housing Finance Agency

About OHFA

The Ohio Housing Finance Agency (OHFA) facilitates the development, rehabilitation and financing of housing for low- to moderate-income individuals. The Agency is accountable to both the executive and legislative branches of Ohio government.

The Agency plays a role in three essential parts of Ohio's affordable housing industry including:


Development – OHFA provides financing for the development and rehabilitation of affordable rental housing by administering a variety of federal and state housing programs including the Housing Tax Credit (HTC) program.


Homeownership – OHFA provides a variety of fixed-rate mortgage loan options for Ohio homebuyers. OHFA is not a direct mortgage lender but purchases qualified mortgages originated through its private-sector lending partners. To administer its homebuyer programs, OHFA partners with and mortgage lenders including banks, mortgage companies and credit unions in more than 600 locations across the state.


Program Compliance – The Agency assists affordable housing property managers to ensure the maintenance of healthy, safe environments in all OHFA-assisted developments.

OHFA's Mission

We Open the Doors to an Affordable Place to Call Home.


We believe that everyone should have a quality place to call home. Through stewardship of public trust, OHFA will lead the nation in providing access to affordable housing for low- to moderate-income households.


OHFA commits to delivering its programs with a high standard of excellence to continually meet the public need for affordable housing. Our mission statement, We Open the Doors to an Affordable Place to Call Home, provides focus for the daily work of the Agency. OHFA has emerged as a respected leader in affordable housing through consistent demonstration of integrity, partnership and performance.

The Agency

Formerly a division of the Ohio Department of Development, OHFA became an independent state agency on July 1, 2005 through Amended Substitute House Bill (HB) 431.

Governed by an 11-member Board consisting of the Director of the Ohio Department of Commerce (or designee), the Director of the Ohio Development Services Agency (or designee) and nine public members appointed by the governor.


Since 1983, OHFA has provided more than $11 billion in affordable mortgage loans to more than 162,000 Ohioans.

Homebuyers Using OHFA's Homebuyer Programs in 2017


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Partners with 110 lenders across Ohio to provide OHFA loan products.

Partners with realty boards, lenders and title companies to host continuing education courses for realtors across the state.

Multifamily Development

Since 1986, the Agency has allocated more than $7 billion in housing credits for the creation and preservation of more than 1,500 active properties with more than 134,000 affordable rental housing units.

In 2017, the Agency:

• Funded 3,656 units across 55 projects in 25 counties and issued $170 million in loans and grants.

Profile of Ohio's Housing Credit Residents


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Average Monthy Rent


Average Household Income


Partners with the Ohio Department of Mental Health and Addiction Services (OhioMHAS) in 2014 for the Capital Improvement Program that utilized approximately $3 million through the Ohio Housing Trust Fund to preserve nearly 200 units of affordable housing for persons with severe and persistent mental illness.

Program Compliance

• OHFA monitors more than 1,300 multifamily properties around the state through its Compliance Program
• Conducts regular reviews at least every three years of properties funded by the Housing Credits program, HDAP and Multifamily Bond program.