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Funding Announcement

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									Funding Announcement Ohio Green Communities 2009
Ohio Green Communities is a collaboration of Ohio Capital Corporation for Housing (OCCH), Ohio Housing Finance Agency (OHFA) and Enterprise, with support from the National City, a PNC company. This exciting initiative finances affordable homes in Ohio that promote health, conserve energy and natural resources, and provide easy access to jobs, schools and services. Ohio Green Communities brings equity, grants, technical assistance and additional flexible financing to developers building affordable rental homes. Since 2006, Ohio Green Communities partners have awarded grants to twenty-four developments totaling over 1,500 affordable housing units. In 2008 alone, close to 1,000 units of LIHTC housing, with total development costs of $146.5 million, received Green Communities certification because they incorporated Ohio's comprehensive green building criteria.

Making Green Work in Ohio In 2009, Ohio Green Communities will provide the following resources to LIHTC projects in Ohio:  Support up to five (5) grants of $15,000 to eligible developers that meet the Green Communities Criteria. The funding is designated for use by developers to perform upfront energy services work, including energy audits, energy modeling, and/or cost-benefit analysis of energy performance aspects of the project. Eligibility is limited to 2009 LIHTC applicants that meet OHFA’s criteria.  Provide funding (“Forgivable Loans”) for pre-development activities for a limited number of select projects across the state that exemplify innovation in green building applications, with a special emphasis being placed on Green Retrofit projects.  OHFA will provide additional HDAP funding for 2009 LIHTC Green Communities as outlined in the QAP; up to $4,000 per unit with a maximum total of $750,000 per eligible project.

Green Communities Criteria Ohio Green Communities will consider applications for grants and/or financing from developers who agree to meet the Green Communities Criteria. The Criteria were developed collaboratively by Enterprise and the Natural Resources Defense Council in consultation with other experts, such as the National Center for Healthy Housing, a leading environmental health research organization. Drawing heavily on the LEED (Leadership in Energy and Environmental Design) Green Building Rating System®, the Green Communities Criteria span a range of building practices that can deliver significant benefits for families, communities and the environment. The criteria will be on-line at: www.greencommunitiesonline.org/about/programs/ohio.asp after February 1.

About Green Communities Ohio Green Communities is part of a national effort to transform the way we think about, locate and design affordable housing. Green Communities, led by Enterprise, has invested more than $615 million in homes that are built according to the Green Communities Criteria, creating over 14,500 green affordable homes in more than 30 states, providing significant health, economic and environmental benefits to low-income families and communities across the country. Green Communities is a partnership of Enterprise, a premier national affordable housing provider, and NRDC, a leading national environmental group, the American Institute of Architects, the National Center for Healthy Housing, the American Planning Association, Southface Energy Institute, Global Green USA, and top corporate, financial and philanthropic organizations. Ohio funders include the George Gund Foundation and National City, a PNC company.

How to Apply Applications for project certification and grant funding by Ohio Green Communities for tax credit projects will be available starting on February 1, 2009 at: www.greencommunitiesonline.org/about/programs/ohio.asp. The deadline is March 19. Certification letters will be issued by May 31. Funding awards are expected to be announced on July 2, 2009. Contact for questions about the application process: Phil Downing Customer Relationship Manager Enterprise Community Partners – Ohio 50 W. Broad Street, Suite 3050 Columbus, Ohio 43215 (614) 228-8059 pdowning@enterprisecommunity.org Contact for technical questions on the Green Communities criteria: Emily Mitchell Program Director Green Communities Enterprise 10227 Wincopin Circle Columbia, MD 21044 (410) 772-2771 emitchell@enterprisecommunity.org

Ohio Capital Corporation for Housing (OCCH) is an independent, nonprofit corporation originally created by the Ohio Housing Finance Agency in 1989. The mission of Ohio Capital Corporation for housing is to cause the construction, rehabilitation and preservation of affordable housing in Ohio. Through its affiliates, OCCH has raised over $800 million of equity and invested in 300 projects, which have produced more than 15,000 affordable homes in 70 of Ohio’s 88 counties. For more information, please visit www.occh.org.

The Ohio Housing Finance Agency is a state agency that offers affordable housing opportunities for Ohioans from rental living to homeownership. Created in 1983, OHFA has issued over $5 billion in bonds for first-time homebuyer mortgages and has funded through tax credits and loans over 1,300 affordable rental housing communities. For more information, visit www.ohiohome.org. Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested $8 billion in equity, grants and loans and is currently investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise’s efforts to build communities and opportunity, and to meet some of the half a million people we have helped. For more information, please visit www.enterprisecommunity.org.


								
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