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Ohio Housing Finance Agency requests operating funds and reports strong demand for state tax credits
Summary
New OFA director Bill Beagle asked for roughly $18.9M (FY26) and $19.6M (FY27) to support agency operations, said OFA closed about $900M in loans YTD and urged continued support for the new state low-income housing tax credit amid high demand.
Bill Beagle, executive director of the Ohio Housing Finance Agency, told the House Development Committee that OFA needs modest operating appropriations and stands ready to deploy state and federal housing tools to increase affordable housing supply.
Beagle summarized OFA’s budget request: “OFA is requesting an appropriation of $18,900,000 for fiscal year 26 and 19,600,000 dollars for fiscal year 27,” and said the agency’s operations are funded by user fees and federal…
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