OHFA Adjusts Fee Structure for Multi-Family Bond Issue Applications

Developers applying for Multi-Family Bonds will now see a reduction in the fees required. OHFA has reduced the Administration/Compliance Fee for the first five years to one year. The Administrative/Compliance fee based on the outstanding bond balance has been waived. For a $10 million issue, this represents a savings of $62,500.

Developers could potentially take advantage of this fee reduction by rolling the savings back into the production of more affordable housing units.

Updated fee structure

For more information about Multi-Family Bonds, visit www.ohfamultifamilybonds.org

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