Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly As used in sections 175.01 to 175.13 of the Revised Code: (A) “Bonds” means bonds, notes, debentures, refunding bonds, refunding notes, and other obligations. (B) “Down payment assistance” means monetary assistance for down payment closing costs, and pre-paid expenses directly related to […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) There is hereby created the Ohio housing finance agency, a body corporate and politic, performing essential governmental functions of the state. The mission of the agency includes but is not limited to assisting with the financing, refinancing, production, development, and preservation […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A)(1) The Ohio housing finance agency consists of eleven members. The governor, with the advice and consent of the senate, shall appoint nine of the members. The other two members are the director of commerce and the director of development or their […]
Effective: September 15, 2004 Latest Legislation: House Bill 483 – 130th General Assembly (A) The governor shall appoint a chairperson from among the members. The agency members shall elect a member as vice-chairperson. The agency members may appoint other officers, who need not be members of the agency, as the agency deems necessary. (B) Six […]
Effective: September 15, 2014 Latest Legislation: House Bill 483 – 130th General Assembly (A) The Ohio housing finance agency shall do all of the following related to the agency’s operation: (1) Adopt bylaws for the conduct of its business; (2) Employ and fix the compensation of the executive director who serves at the pleasure of […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly There is hereby created in the state treasury the housing finance agency personal services fund. The fund shall consist of moneys within the control of the Ohio housing finance agency that the agency, or the treasurer of state on behalf of the […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly The Ohio housing finance agency, in providing homeownership program assistance, shall give preference to grants or loans for activities that provide housing and housing assistance to honorably discharged veterans.
Effective: September 15, 2014 Latest Legislation: House Bill 483 – 130th General Assembly The executive director employed by the agency pursuant to division (A)(2) of section 175.05 of the Revised Code shall do all of the following: (A) File financial disclosure statements as described in section 102.02 of the Revised Code; (B) Ensure policies and […]
Effective: September 15, 2014 Latest Legislation: House Bill 483 – 130th General Assembly (A) The Ohio housing finance agency shall do all of the following related to carrying out its programs: (1) Upon the governor’s designation, serve as the housing credit agency for the state and perform all responsibilities of a housing credit agency pursuant […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A)(1) The Ohio housing finance agency shall not approve funding for any multifamily rental housing to be constructed with agency assistance or pursuant to any program the agency operates or administers unless the applicant provides notice of the proposed project as this […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) The Ohio housing finance agency may use the proceeds of bonds to carry out the agency’s lawful purposes. (B) The agency is the sole entity in the state that may issue bonds pursuant to Section 143(a) of the Internal Revenue Code […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A)(1) At the discretion of the Ohio housing finance agency, bonds issued pursuant to this chapter may be secured by a trust agreement between the agency and a corporate trustee, which may be any trust company or financial institution that has the […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) All bonds issued under this chapter are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) There is hereby created the housing development fund, which shall be in the custody of the treasurer of state but shall not be part of the state treasury. The fund shall consist of all grants, gifts, loan repayments, and contributions of […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes and the purposes of Section 14, of Article VIII and Section 16, Article VIII, Ohio Constitution. (B) The following are […]
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) Any agreement the Ohio housing finance agency enters into with bondholders is a contract that the agency shall enforce and no action of the general assembly or any state agency may limit or alter the terms of that agreement or the […]
Effective: April 6, 2017 Latest Legislation: Senate Bill 332 – 131st General Assembly ( A) The Ohio housing finance agency shall include reducing infant mortality as a priority housing need in the agency’s annual plan under section 175.04 of the Revised Code. (B) The Ohio housing finance agency may establish a housing assistance pilot program […]
Effective: April 6, 2017 Latest Legislation: Senate Bill 332 – 131st General Assembly The Ohio housing finance agency and the Ohio development services agency shall include pregnancy as a priority in its housing assistance programs and local emergency shelter programs. In consultation with the Ohio development services agency, the Ohio housing finance agency may adopt […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly As used in sections 175.30 to 175.32 of the Revised Code: (A) “First home” or “home” means the first residential real property located in this state to be purchased by a recipient who has not owned or had an ownership interest in […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly (A) There is hereby created the grants for grads program for the purpose of providing grants or other financial assistance or down payment assistance to Ohio residents who have received an associate, baccalaureate, master’s, doctoral, or other postgraduate degree, which grants or […]
