Sec. 174.03. (A) The department of development and the
Ohio | 10 |
housing finance agency shall each develop programs under
which, in | 11 |
accordance with rules adopted under this section, they
may make | 12 |
grants, loans, loan guarantees, and loan subsidies to
counties, | 13 |
municipal corporations, townships, local housing
authorities, and | 14 |
nonprofit organizations and may make loans, loan
guarantees, and | 15 |
loan subsidies to private developers and private
lenders to assist
| 16 |
in activities that provide housing
and
housing
assistance for | 17 |
specifically targeted low- and
moderate-income
families and | 18 |
individuals.
There is no
minimum housing
project size for awards | 19 |
under this division for
any project that
is developed for a | 20 |
special needs population
and that is
supported by a social service | 21 |
agency where the housing
project
is located. Activities for which | 22 |
grants, loans,
loan
guarantees, and
loan subsidies may be made | 23 |
under this section
include
all of the following: | 24 |
(2) Providing supportive services related to housing and
the | 28 |
homeless, including housing counseling. Not
more than twenty per | 29 |
cent of the current year appropriation
authority for the low- and | 30 |
moderate-income housing trust fund that remains after the award of | 31 |
funds made pursuant to divisions (A)(1), (A)(2), and (A)(3) of | 32 |
section 174.02 of the Revised Code,
shall be awarded in any fiscal | 33 |
year for supportive services. | 34 |
(B)
Grants, loans, loan guarantees,
and loan
subsidies may
be | 37 |
made to counties, municipal
corporations, townships, and
nonprofit | 38 |
organizations for the
additional purposes of providing
technical | 39 |
assistance, design and
finance services and
consultation, and | 40 |
payment of pre-development
and administrative
costs related to any | 41 |
of the activities listed
above. | 42 |
(C) In developing programs under this section, the
department | 43 |
and
the agency shall invite, accept, and consider
public
comment, | 44 |
and recommendations from the housing trust fund
advisory
committee | 45 |
created under section 174.06 of the Revised
Code, on
how the | 46 |
programs should be designed to most effectively
benefit
low- and | 47 |
moderate-income families and individuals. The
programs
developed | 48 |
under this section shall respond collectively
to
housing and | 49 |
housing assistance needs of low- and
moderate-income
families and | 50 |
individuals statewide. | 51 |
(D) The department and
the agency, in accordance with
Chapter | 52 |
119. of the Revised Code, shall each adopt rules to administer | 53 |
programs developed under this
section.
The rules shall prescribe | 54 |
procedures and forms that
counties,
municipal corporations, | 55 |
townships, local housing
authorities, and
nonprofit organizations | 56 |
shall use in applying for
grants,
loans, loan
guarantees,
and loan | 57 |
subsidies and that private
developers
and private
lenders shall | 58 |
use in applying for loans, loan
guarantees, and loan
subsidies; | 59 |
eligibility criteria for the
receipt of funds;
procedures for | 60 |
reviewing and granting or denying
applications;
procedures for | 61 |
paying out funds; conditions on the
use of funds;
procedures for | 62 |
monitoring the use of funds; and
procedures under
which a | 63 |
recipient shall be required to repay
funds that are
improperly | 64 |
used. The rules shall do
both of the
following: | 65 |
(1) Require each recipient of a grant
or loan made
from
the | 66 |
low- and moderate-income housing trust fund for
activities
that
| 67 |
provide, or assist in providing, a rental
housing
project, to | 68 |
reasonably ensure that the rental housing
project
will remain | 69 |
affordable to those families and individuals
targeted for
the | 70 |
rental housing project for the useful life of the
rental
housing | 71 |
project or for thirty years, whichever is longer; | 72 |
(E) In prescribing eligibility criteria and conditions for | 79 |
the use of funds, neither the department nor the agency is limited | 80 |
to
the criteria and conditions specified in this section and each | 81 |
may
prescribe additional eligibility criteria and conditions that | 82 |
relate to the purposes for which
grants, loans, loan guarantees, | 83 |
and loan subsidies may be made. However, the
department and
agency | 84 |
are limited by the following specifically
targeted low-
and | 85 |
moderate-income guidelines: | 86 |
(F) In making
grants, loans, loan guarantees,
and loan | 102 |
subsidies under this section, the department and
the
agency shall | 103 |
give preference to viable projects and activities
that
benefit | 104 |
those families and individuals whose
incomes
are equal to or less | 105 |
than
thirty-five per cent of
the median
income for the county in | 106 |
which they live, as determined by the department
under
section | 107 |
174.04 of the Revised Code. | 108 |