Ohio Housing Finance Agency
The Ohio Housing Finance Agency (OHFA) is a government agency founded in 1983, headquartered in Columbus, Ohio, that focuses on providing affordable housing solutions for low- to moderate-income individuals and families. With a team of 167, OHFA specializes in programs for first-time homebuyers, foreclosure prevention, and urban revitalization.
History
The Ohio Housing Finance Agency was founded in 1983. It has since focused on providing affordable housing solutions for residents of Ohio. The agency has evolved over the years, adapting its programs to meet the changing needs of the community and the housing market.
Services
The Ohio Housing Finance Agency offers a range of services aimed at facilitating affordable housing. Key services include First-Time Homebuyer Programs, Down Payment Assistance, and the Ohio Heroes program. The agency also provides financial education through a homebuyer education portal and offers virtual and on-site training related to homebuyer programs and fair housing.
Specialties
The agency specializes in several areas, including Low- to moderate-income housing, Foreclosure Prevention, and Urban Revitalization. It also manages the Ohio Housing Trust Fund and provides assistance to developers and property managers of affordable housing throughout Ohio. The agency's programs are designed to support various demographics, including first-time homebuyers, renters, and senior citizens.
Programs
The Ohio Housing Finance Agency administers multiple programs to assist homebuyers and renters. Notable programs include the YourChoice! Down Payment Assistance program, the Grants for Grads program, and the Mortgage Tax Credit program. The agency also offers the Next Home program and the OHFA Refinance Program to facilitate homeownership and refinancing options.
Governance
The Ohio Housing Finance Agency is governed by an 11-member board. This board oversees the agency's operations and ensures that its mission to provide affordable housing is fulfilled. The agency utilizes both federal and state resources to enhance its housing initiatives and support the community.