Ohio Considering New Requirements for Tax Credit Market Studies

The Ohio Housing Finance Agency (OHFA) is considering the adoption of new requirements for tax credit project market studies.

The changes would include new procedures that will demand more comprehensive conclusions regarding project feasibility. Analysts may also be required to develop their own recommended tax credit rents. Another change would require analysts to determine capture and penetration rates using a consistent formula, although the analyst could use a different formula if justified.

There is no set timeframe for enacting the proposed guidelines.