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.
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If constructed as hoped, a total of 171 new affordable senior living units and over $28 million in investment would be coming to Mansfield.
The Ohio Housing Finance Agency has released information about 2019 applicants for the 9% Housing Tax Credit, and two potential local developments are included. One would occupy a very familiar spot for Mansfielders. Read More
Are any former Buckeye millennials in your family made their way back to their home state?
If so, you certainly are not alone according to an article published this past weekend on CNBC. Read More
On Tuesday, the Ohio Housing Finance Agency (OHFA) released its annual Housing Needs Assessment, which serves as a statewide resource on housing and related topics in Ohio.
This report, compiled by OHFA's Office of Housing Policy, examined various topics from the quality of Ohio's housing to issues affecting children, veterans and more, and is updated every year to provide the most accurate data on housing in Ohio. Read More
When it comes to finding a house to purchase, Mansfield is among those cities where it is possible to get a great deal of “bang for the buck.”
Such was the finding of the NAHB/Wells Fargo Housing Opportunity Index for the third quarter of 2017 released on Thursday.
In all, 58.3% of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $68,000. Read More
The City of Mansfield’s Office of Community Development seeks eligible homeowners within the City of Mansfield for participation in the Community Development Block Grant Program. This program offers interest free rehabilitation loans to eligible homeowners within the City. In order to qualify you must meet the income guidelines based on household size. These limits are outlined below. Read More
All About Richland, All Things Business
Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) today announced that it has provided a bridge loan to National Church Residences (NCR) for the refinance of McPherson Woods, an affordable, 50-home community for families in Mansfield, Ohio, a small town of approximately 45,000 people. The building, developed with Low Income Housing Tax Credits (LIHTC), has surpassed its 15-year initial compliance period.
The $1.2 million loan will help NCR refinance the property and make minor capital improvements to the property. The community provides two- and three-bedroom homes, a rarity in affordable housing. Read More
