Ohio Affordable Housing News, HUD Alerts & Deals

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OHFA Approves Financing for Three Affordable Housing Rehabs Across Ohio

The Ohio Housing Finance Agency has approved financing for three affordable housing rehabilitation projects that together preserve 399 affordable apartments across the state. The awards use OHFA's preservation financing tools to extend affordability on existing properties rather than build new, keeping at-risk homes in the affordable inventory. Preservation deals like these cost less per unit than new construction and protect residents already living in the properties from displacement when affordability periods expire. The three projects span multiple Ohio communities, reflecting the agency's routine pipeline of keeping existing affordable housing viable with capital for repairs and extended restrictions. OHFA officials said the approvals continue the agency's focus on preservation as a core part of Ohio's affordable housing strategy alongside new development.

OneCanopi to Modernize 94% of Hamilton and Middletown Public Housing in $146.5 Million RAD Campaign

OneCanopi is set to invest $146.5 million to modernize 94% of its public housing portfolio in Hamilton and Middletown, Ohio, impacting 1,030 units by 2028. This initiative, part of HUD's Rental Assistance Demonstration program, aims to address critical infrastructure issues while maintaining resident stability during renovations. The campaign highlights the ongoing need for effective management of both construction timelines and resident relocation strategies as the agency seeks to enhance living conditions and secure financing for future developments.

Lima Housing Repair Case Remains Open After Sewage Complaints

October 4 local reporting describes city notices after a September 30 inspection of a Lima public-housing home. Resident Felicia Spaulding says recurring sewage and basement problems have continued for years. The housing authority says its September 25 inspection found no active sewer issue. Lima's maintenance case remains open, with follow-up on masonry, drainage, a door and basement moisture. A possible Housing Choice Voucher is separate from Spaulding's current public-housing assistance and is not approved. The report does not establish a HUD inspection failure, medical causation or completed correction.

Cleveland Housing Fund Reaches $53M with 216 Homes Planned

The Cleveland Housing Investment Fund has raised $53 million toward a $100 million goal and has helped move 216 affordable homes into development. Cleveland seeded the fund with $18 million in surplus American Rescue Plan Act money, while KeyBank, Huntington Bank and Fifth Third Bank supplied $35 million in private commitments. The fund aims to support between 2,500 and 3,000 housing units.