Ohio Housing Finance Agency reports $1.3 billion in home loans, outlines FY25 goals to Senate housing committee

Bill Beagle, executive director of the Ohio Housing Finance Agency, told the Ohio Senate Housing Committee on an annual report presentation that the agency financed more than $1.3 billion in home loans in fiscal year 2025, up from $813 million the prior year, and allocated $1.2 billion toward the creation or preservation of 8,183 affordable rental units.

Beagle opened his testimony by summarizing the agency's mission and vision: "Our mission is to use federal and state resources to finance housing opportunities for low and moderate income Ohioans through programs that develop, preserve, and sustain affordable housing throughout the state," and its vision to "create an Ohio where everyone has a safe, decent, affordable place to call home." He said the agency submitted its annual plan (approved June 2024) and the backward-looking annual report (published 09/30/2025) to the governor and legislative leaders and was providing testimony at the committee's request.

The nut graf: The Ohio Housing Finance Agency (OFA) said its mortgage and rental housing programs expanded in FY25, with increased loan volume and tax-credit allocations that the agency says will expand homeownership and add or preserve thousands of affordable rental units across Ohio. OFA also described program changes and near-term work to increase transparency, stakeholder engagement and data sharing with…