All Things Business

Two Proposed Mansfield Developments Miss Out On Housing Credits

25 May , 2019  

Many cities across the state were celebrating recently when the Ohio Housing Finance Agency announced the award of housing credits.

Two local projects, however, were not included in that number.

The Housing Tax Credit (HTC) program provides credits which are used to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Ohio. Over $28 million in 10-year federal housing tax credits were awarded to 34 developments this year to create 2,198 apartments serving families, seniors and individuals with disabilities.