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03/16/2023
LeadingAge Ohio supports housing tax credit bill
This week LeadingAge Ohio President / CEO Susan Wallace testified in support of HB3, which would create a low-income housing tax credit bill to amplify the impact of the federal LIHTC program, enabling more projects to be financed using the unlimited 4 percent tax credits as well as harder-to-finance projects in rural and underserved areas. Other advocates testifying in support included Shawn Smith, Director of the Ohio Housing Finance Agency, Amy Riegel, President /CEO of the Coalition on Homelessness and Housing in Ohio (COHHIO), Tony Long of the Ohio Chamber of Commerce and Tim Bete of LeadingAge Ohio member St. Mary Development Corporation, a Dayton-based affordable housing developer and operator.
“A new, state-level LIHTC program would offer a new lever for housing developers working to boost Ohio’s affordable housing stock during a time of great scarcity,” said Wallace in written comments. “As Ohio approaches a new future in which its older adult population becomes a prime driver of our economy, it is critical that we make sure we have safe, affordable options for all Ohioans.” To view testimony on HB3, click here. LeadingAge Ohio’s comments begin at 1:05.