Awards $4 Million to Affordable Housing Communities in Columbus, Toledo, Village of Lincoln Heights and Defiance

The Board approved $4 million through the Housing Development Loan (HDL) Program to provide flexible, low-interest financing for affordable housing developments across the state. The HDL program provides financial assistance for the development and rehabilitation of affordable housing and is funded through unclaimed funds from the Ohio Department of Commerce. Funding Awards include: 1) $1,000,000 loan to Commons at Livingston II in Columbus, Franklin County; 2) $1,000,000 loan to Legacy Homes in Toledo, Lucas County; 3) $1,000,000 loan to Oak Park Apartments in the Village of Lincoln Heights, Hamilton County; and 4) $1,000,000 loan to Ralston Square Apartments in Defiance, Defiance County.

Ohio Home

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s