Ohio Housing Agency Developing Appraisal Standards for Projects Seeking Tax Credits, Gap Financing

摘要

The Ohio Housing Finance Agency (OHFA) is developing appraisal standards and requirements for projects applying for low-income housing tax credits or gap financing. The guidelines are intended to produce a consistent approach for determining the as-is value of vacant land and existing properties. OHFA will use as-is values for allocating basis, gap financing, and underwriting purposes, as well as for determining a building's acquisition value, according to a draft of the standards.