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Ohio Housing Finance Agency seeks larger appropriation, reports oversubscription for state low-income housing tax credits

5557097 · May 6, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Ohio Housing Finance Agency Executive Director Bill Beagle asked the Senate committee for increased appropriation authority for FY26–27 to support staffing and program administration, described the state low-income housing tax credit rollout and project awards, and reported increased multifamily applications and inspections activity.

Bill Beagle, executive director of the Ohio Housing Finance Agency, told the Senate Government Oversight and Reform Committee that demand for affordable-housing financing has risen and that the agency is seeking larger appropriation authority to hire staff and administer expanding programs.

Beagle described the agency’s FY26–27 operating request as $19,759,058 for fiscal 2026 and $20,484,830 for fiscal 2027, which he said are higher than the House-passed figures and represent “the minimal amount of funding needed to…

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