Print
Boards and Commissions
Last Update: 11/26/2018
Housing Finance Agency, Ohio
Status
Current
Type of Board
Permanent
Authority
R.C. 175.03 - 175.05
Total Membership
11
Dates of Appointment
1 on 2/1/10 and the same date each 6th year thereafter
1 on 2/1/11 and the same date each 6th year thereafter
2 on 2/1/12 and the same date each 6th year thereafter
1 on 2/1/13 and the same date each 6th year thereafter
2 on 2/1/14 and the same date each 6th year thereafter
2 on 2/1/15 and the
Term Length
6 years
Ending Date of Term
January 31
Report Requirements
2 annual reports required regularly; agency must prepare an annual financial report by March 31 each year for previous year. The report must be submitted to the Governor, Speaker of the House, and President of the Senate, must describe the Agency's activities during the reporting year, and must include the Agency's audited financial statements. Agency also must submit an annual report to the Governor, Speaker of the House, and the President of the Senate on its programs, describing how they met the state's housing needs. It too must be submitted by March 31.
Chairperson
Governor appoints from among members
Subject To Sunset Review
No
Full-time
No
Restriction on Partisan Affiliation
No
Senate Confirmation Required
Yes
Expiration Date
Appointment Authority
Governor
Membership Composition
Members with other stated qualifications, Public members, Statewide elected officials/department heads
Compensation
Expenses Only, Other, $250 per meeting (not to exceed $4000 per year) which the Agency may increase after 7/1/11
Staff Assistance
Own staff
Additional Information
None
Qualifications
9 members appointed by Governor: 1 with experience in residential housing construction, 1 with experience in residential housing mortgage lending, loan servicing, or brokering at an institution insured by the Federal Deposit Insurance Corporation, 1 with experience with the housing needs of senior citizens, 1 with experience in the licensed residential housing brokerage business, 1 with a background in labor representation in the construction industry, 1 representing the interests of nonprofit multifamily housing development corporations, 1 representing the interests of for-profit multifamily housing development organizations, and 2 that are public members. The Governor must receive recommendations from the Ohio Housing Council for appointees to represent the interests of nonprofit and for-profit multifamily housing development corporations. Not more than 6 of the appointed members may be of the same political party. The Directors of Commerce and Development, or their respective designees, serve as ex officio voting members.