The Ohio Housing Finance Agency last week approved the issuance of $15.5 million of tax-exempt multifamily bonds that will be used to renovate affordable housing properties in several counties across the state.

The largest project, which totals $8 million, features the acquisition and renovation of 30 vacant single-family homes and the construction of 10 new homes in Cleveland. The homes will be offered as lease-to-purchase.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.