Boards and Commissions

Last Update: 2/10/2025

Housing Finance Agency, Ohio

Status

Current

Type of Board

Permanent

Authority

R.C. 175.03 - 175.05

Total Membership

11voting and 4 nonvoting

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 for appointed members; General Assembly members serve until the end of their term

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

Full-time

Restriction on Partisan Affiliation

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.

4 nonvoting members must be 2 members of the House of Representatives, 1 from each major political party, appointed by the Speaker; and 2 members of the Senate, 1 from each major political party, appointed by the Senate President.