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Ohio Housing Finance Agency provides additional $5 million for Emergency Homelessness Services 

In a special meeting on April 23, 2020, the OHFA Board approved an additional $4.75 million to support the increased housing needs of Ohio's homeless and those at risk of homelessness due to the COVID-19 pandemic. The Board also approved $5 million in emergency funding in March.

The monies will go to Ohio’s nine Continua of Care and the Coalition on Homelessness and Housing in Ohio. In addition, an additional fund will provide financial help to nonprofit organizations with properties previously funded by OHFA that operate senior housing, permanent supportive housing and affordable assisted living properties.

The Board approved the following:

  • $2.5 million in Emergency Housing Assistance Funds to the nine CoCs;
  • A $750,000 grant to COHHIO for its Pandemic Emergency Fund;
  • A $1.25 million no-interest loan to COHHIO for TANF Advance Funds;
  • A $250,000 COVID-19 emergency fund.

“As the coronavirus has continued to spread, the housing and safety needs of those who serve the homeless and persons at-risk of homelessness have also continued to grow,” said OHFA Executive Director Sean Thomas. “We are grateful to our Board’s leadership and are proud to offer our support to the number of organizations in the state serving these vulnerable populations.”

OHFA’s contribution to COHHIO’s Pandemic Emergency Fund enables the organization to continue helping homeless shelters throughout Ohio contain the spread of COVID-19 among residents, staff, and the broader community.

“We’ve received hundreds of donations, but the needs are enormous, and we nearly exhausted the Emergency Fund. OHFA’s generous contribution enables us to continue supporting shelters, and it will certainly save lives by keeping vulnerable Ohioans – seniors, people with health conditions, and families with young children – out of harm’s way,” said Bill Faith, COHHIO’s Executive Director.

The loan will support COHHIO’s efforts as they await Temporary Assistance for Needy Families dollars that Governor Mike DeWine approved for homelessness prevention and rapid re-housing efforts. The organization will disburse the $1.25 million and repay OHFA through a TANF reimbursement.

OHFA will disburse Emergency Assistance Funds based on a formula corresponding to the number of extremely low-income and very low-income residents in CoC service areas. Details about the second round of Emergency Housing Assistance will be posted on OHFA’s website on Monday, April 27; funds will be disbursed by May 31.  Information about the grant program will be forthcoming.  

 

 

 
Copyright © 1989 to 2020 by [LaPrensa Publications Inc.]. All rights reserved.
Revised: 04/28/20 19:11:40 -0700.

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