IMPORTANT INFORMATION REGARDING LIHTC APPLICATIONS

The Department of Community Development is excited to hear about the various LIHTC applications proposed for submission for OHFA’s 2013 QAP.  As you are aware, Local Collaboration plays an important role in the scoring of the QAP.  Applications are eligible to receive 3 points for a letter of support from the Mayor, 4 points for a letter or Resolution of support from a majority of City Council, and 5 points if application is identified by the Mayor as a local priority.

In order for LIHTC applications to be considered for these Local Collaboration points, Developers will need to submit the following to the Department of Community Development by close of business (5pm) on Wed January 16, 2013:

• Project narrative (include at a minimum the name of legal applicant; description of project including location, address(es), number and size of bedrooms, energy conservation, building materials; and project goals/demographic to be served
• Development Budget
• Sources and Uses of Funds
• Proforma including Operating Expenses
• Attached Impaction Guidelines Worksheet

Please submit these materials via email to monica.richards@cincinnati-oh.gov by 5pm on Wed January 16, 2013.

In order to get resolutions and letters of support through Council in time to be included in QAP application (deadline date of February 21, 2013), we must adhere to a strict timeline.  Letters of Support/Resolutions will be introduced to City Council on February 6, 2013.  Developers may be asked to present an overview of their proposed projects to Livable Communities Committee (dates would be Jan 29th and Feb 12th).  Letters of Support/Resolutions will then be on the calendar for City Council Approval on February 13, 2013.

If you have any questions about this process, please contact Monica Richards at (513) 352-1955 or monica.richards@cincinnati-oh.gov

Best regards,

Russ Hairston
Housing Division Manager
(513) 352-6131