OHFA Annual Plan - Ohio Housing Finance Agency

• Responsible for Rent - The person must be financially responsible for rent cost.In the case of children receiving residential-based supported community livingservices under the mental retardation home- and community-based services waiverprogram, they or their families must demonstrate this financial responsibility.• Qualified Rental Unit – The person must live in a qualified rental unit. A qualifiedrental unit is an apartment, mobile home, or private room for which a signedwritten lease exists and which is governed by Iowa Code Chapter 562A UniformResidential Landlord and Tenant Law. A qualified rental unit does not include ahome owned by a family member.• Maximum monthly payment shall be equal to the rent paid, not to exceed 100percent of the eligible applicant’s county of residence Fair Market Rent (FMR) asdetermined by HUD, less 30 percent of the gross income of the eligible applicant.The FMR shall be that of a one-bedroom unit or a proportionate share of the rentalcost in units containing more than one bedroom.• North Carolina Housing Finance Agency• The Key Program is a rental assistance program created in collaboration with NCHFAand the North Carolina Department of Health and Human Services. The Housing Creditapplications since 2004 must include an acceptable Targeting Plan that makes 10percent of the units in the development available to extremely low-income persons withdisabilities, including homeless persons with disabilities.• Since 2002, over 1200 units of quality, affordable rental housing have been funded forpersons with disabilities in North Carolina through the Low Income Housing Tax Credit(Housing Credit) program.Texas Department of Housing and Community Affairs• The Texas Qualified Allocation Plan has deep income targeting for people with lowincomes. An applicant may receive up to 22 points for committing to a combination of alist of possible options of income targeting.• Developers may receive 22 points for targeting “at least 40 percent of the totalunits in the development are set-aside with incomes at or below a combination of50 percent and 30 percent of AMI, in addition to 5 percent of the total units aredesignated specifically for households at or below 30 percent AMI.• Developers may receive 18 points for targeting “at least 10 percent of the totalunits in the development that are set-aside to household’s t incomes at or below 30percent AMI.Indiana Housing and Community Development Authority• The Qualified Allocation Plan (QAP) has a point system if a project intends to charge alower rent than the maximum allowable rent. The lowest Ami is set at 30 percent. Andthe maximum points you can get are for setting aside 25 percent of the projects unitsto people at or below 30 percent AMI. The system they use is flexible and allows for thedeveloper several combinations to assist in making the project sustainable (See table).85