Low-Income Housing Tax Credit (LIHTC)

Administered by Ohio Housing Finance Agency (OHFA) · Ohio

BENEFIT

Negotiated / contact agency

Deadline type: rolling

Eligibility Requirements

1At least 40% of residential units must be rent restricted and occupied by households earning no more than 60% of area median income
2LIHTC-financed developments must keep units rent restricted and available to low-income tenants for at least 30 years
3Projects must comply with experience and capacity standards, minimum threshold and underwriting requirements as outlined in applicable QAP
4All LIHTC development teams must waive the right of the owner to petition OHFA to have the extended use period terminated

Eligible Project Types

MultifamilyResidentialAffordable Housing

STACKING POTENTIAL

Low-Income Housing Tax Credit (LIHTC) is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Low-Income Housing Tax Credit (LIHTC) compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Ohio Housing Finance Agency (OHFA) official program page ↗ · Last verified 2026-04-01

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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