The Ohio Housing Finance Agency board has approved financing for two central Ohio affordable housing developments.

The Lofts at 40 Long project received approval to authorize up to $43 million in multifamily housing bonds through the Housing Finance Agency to transform a former YMCA building in downtown Columbus into 121 units for families.

The development previously received a housing development loan and a low-income housing tax credit. The co-developers of the project are Woda Cooper Development, Inc. and IMPACT Community Action.

The Marsh Run project to rehabilitate 184 units in 33 buildings in Columbus received approval to authorize up to $35 million in Ohio Housing Finance Agency-issued multifamily housing bonds. The development last year also received a 4 percent low-income housing tax credit reservation.

Four projects in Cleveland were awarded assistance, including the Gateway66 project, which received approval to authorize up to $14.8 million in multifamily housing bonds. Development plans include the creation of 76 affordable housing units and four market-rate units for families.

Hough Senior Independent Living received approval for a $1.75 million housing development loan and $1 million in housing development assistance program funding.

The development, overseen by CHN Partners, last year received a 9 percent low-income housing tax credit. It is expected to create 55 new units for older residents in Cuyahoga County.

Warner and Swasey I, being co-developed by Pennrose LLC and Midtown Cleveland, received approval for a $1.25 million housing development loan. The development previously received a 2020 9 percent low-income housing tax credit.

The development is expected to transform the historic Warner and Swasey manufacturing facility into 56 new units for senior citizens.

Warner and Swasey II, also co-developed by Pennrose LLC and Midtown Cleveland, received approval for a $1.75 million housing development loan. The development previously received a 2023 9 percent low-income housing tax credit. The project includes 56 new units for families.

In Steubenville, the Booth Point project received approval to authorize up to $10 million in multifamily housing bonds. The development previously received a housing development loan, housing development assistance program funding and a low-income housing tax credit. The project, being co-developed by Provident Management Inc. and PLAT Communities LLC, includes 46 new units for senior citizens.

In Athens County, the Cornerstone at Eclipse Run project by Fairfield Homes Inc. received conditional approval to authorize up to $11.5 million in multifamily housing bonds. The development previously received a housing development loan, housing development assistance program funding, and a low-income housing tax credit. It will create 58 new units for families in The Plains.