By 1812Blockhouse
The Ohio Housing Finance Agency Board has announced the recipients of the 2021 Housing Tax Credit program awards.
One of those recipients was a developer planning to invest money to renovate 48 units of senior residential living in Shelby.
This year, 36 Ohio developments creating or preserving 1,931 apartments for families, seniors and individuals at risk for homelessness were awarded more than $31.5 million in 10-year federal housing tax credits.
Every region of Ohio is represented among the awardees, including more than one-third in non-urban centers of the state with 607 units of affordable housing. Developments include 17 for families, 14 for seniors and five providing supportive services. More…
By Tyler Buchanan, Ohio Capital Journal
When a tenant faces eviction, the filing can stay with them for years — potentially impacting their ability to find stable housing again.
A bipartisan bill introduced by Sens. Stephanie Kunze, R-Hilliard, and Hearcel Craig, D-Columbus (both pictured above), proposes to allow eviction records to be expunged under certain circumstances.
A tenant would be able to request to have their eviction records expunged. A judge could authorize expungement if they feel the record “is no longer a reasonable predictor of future tenant behavior” and if expunging it would be in the “interests of justice.” More…
By: Maggie Prosser, Ohio Capital Journal
A survey released by the U.S. Census Bureau estimated that more than 500,000 Ohioans were unable to pay rent last month because of financial insecurity amid the coronavirus pandemic.
The bureau’s Household Pulse Survey studies COVID-19’s impact on social and economic factors like employment, finances, food insecurity, housing, health and schooling. The latest poll indicated 12 million Americas did not pay last month’s rent and nearly 7.5 million have no confidence they will be able to pay next month; in Ohio, more than 360,000 renters say they will be unable to pay next month. More…
By: 1812Blockhouse Staff and Redwood Living, Inc.
A housing developer has announced pre-leasing opportunities for 84 housing units on a 25.89 acre Mansfield site.
Redwood Living, Inc. (Redwood) is constructing the new residences which will range from 1,294 to 1,620 square feet in size. In order to prepare the site, Redwood had to mitigate the impact of depositing clean fill material into wetlands and two streams. This was accomplished through an in-lieu fee mitigation where the developer purchased wetland credits which, in turn, will be used to benefit other natural areas. More…
By: 1812Blockhouse Staff; Ohio Housing Finance Agency
Earlier this week, the Ohio Housing Finance Agency (OHFA) announced recipients for the 2020 Housing Tax Credit Program awards.
In total, 37 developments throughout the state will create or preserve 2,002 apartment for families, seniors, and individuals with disabilities. The projects were awarded $31 million in 10-year federal housing tax credits.
Of that amount, $800,000 in credits will be coming to Richland County. More…
by: Eric E. Willison, Ohio Capital Journal
During this challenging time, each court in Ohio can determine how it wants to handle evictions. For instance, the Franklin County Municipal Court is allowing the filing of new evictions, but instead of setting the possession hearing dates two to three weeks after filing like usual, now all possession hearing dates are set eight weeks out.
Other courts, like the Eastern and Western Divisions of the Montgomery County Municipal Court, have made no changes to scheduling possession hearings. The only way to be sure of what is going on is to check with the court in your area that handles evictions and either read through their coronavirus guidelines or call the clerk of courts office for more information. More…
The Mansfield News Journal recently ran an interesting article about lack of mid-tier housing in Mansfield (that story can be read here). Hopefully this means that our local economy is on the upswing, as the article asserts that the housing shortage is caused by low jobless rate and low interest rates. But it also got us thinking about a time in Mansfield’s past, or – more correctly – the country’s past, when there was not enough housing for everyone. More…
When the US Department of Housing and Urban Development recently made funding available for local efforts to combat homelessness for a segment of society in need, a local agency was included.
HUD has awarded $131.3 million to 325 local public housing authorities across the country to provide affordable housing to approximately 15,363 additional non-elderly persons with disabilities. Secretary Ben Carson made the national announcement during a recent visit to Detroit, Michigan. The Detroit Housing Commission received $597,629 to serve the residents in their community living with disabilities.
In Ohio, the voucher awards included one to the Mansfield Metropolitan Housing Authority (MHA), which received an award of $73,464 for 25 vouchers. More…
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.
More…
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. 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. 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. 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. 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. 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. More…
