# Ohio Housing Finance Agency Approves Affordable Housing Financing

The Ohio Housing Finance Agency (OHFA) Board approved financing totaling over **$117 million** for four affordable housing developments across Ohio on September 17, 2026. These projects will create or preserve nearly 450 affordable housing units, primarily targeting older adults, in Sylvania Township, Lima, Columbus, and Harrison Township. The financing includes Multifamily Housing Revenue Bonds and Housing Development Loans, with individual approvals up to $35 million for assisted living developments and $12 million for mixed affordable housing projects.

- **Why this matters:** This significant investment signals ongoing state-level commitment to expanding affordable housing options, especially for senior populations, creating opportunities for developers and contractors specializing in multifamily and assisted living facilities.
- Procurement professionals should note the involvement of multiple developers including EREG Senior Living LLC, Seton Development, Inc., Borror Development Co. LLC, and Marian Development Group LLC, indicating active partnerships and potential subcontracting opportunities.
- The financing structure combining revenue bonds and development loans highlights the importance of understanding state bond issuance and loan programs in affordable housing procurement.
- Companies engaged in construction, property management, and specialized senior living services in Ohio should evaluate how these projects may impact regional market demand and align their business development strategies accordingly.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Grants & Funding
**Published:** September 18, 2026

### Government Entities
- Ohio Housing Finance Agency (OHFA)

### Vendors
- EREG Senior Living LLC (developer)
- Seton Development, Inc. (co-developer)
- Borror Development Co. LLC (co-developer)
- Marian Development Group LLC (developer)

### Sources
- [#ohiohousing #affordablehousing | Ohio Housing Finance Agency](https://ohiohome.org/news/releases/2026/september-fundedprojects.aspx) - OHIO