First Half of 2023: Industrial Project Surge 

Despite stubborn inflation and labor shortages, development continues at a steady pace throughout central Ohio. Deals we closed will help finance a variety of infrastructure projects, and we’re proud to say all new housing units we supported qualify as affordable – very much in need around Columbus. Most significant, however, was contributing to the capital stack for more than 1.6 million sf of industrial space.

Despite the Fed maintaining high interest rates, we were pleased to provide a 10-year tax-exempt TIF bond deal at a very competitive 4.0%. If you’re seeking ways to lower the cost of project development, contact us to learn if we can help. 

Here are other key figures from first-half 2023.

For the first time in our history, the Finance Authority was awarded the Ohio Auditor of State Award for Excellence in Financial Reporting. It’s a significant accomplishment; the Auditor’s office reviewed 6,000 public entities’ 2022 audits and presented this award to just 10% of those reviewed.  

Finance Authority President Patty Huddle accepted the award on behalf of the organization and its board of directors. “A variety of people contributed to this recognition,” said Huddle. “Our audit committee of Greta Russell, Darci Congrove, Christian Gonzalez, and Darnita Bradley are to be commended.” 

Special thanks also go to CFFA staff member Susan Brown and former president Jean Carter Ryan for running point on the audit and Marcy Altomare for her contributions.  Thanks as well to our CPA, Steve Julian of Julian & Grube, for his expert guidance over the years. 

Ohio Auditor of State’s Office representative Scott Brown presented the award to Huddle at the September 20, 2023, Board of Directors meeting at CFFA headquarters.

Monthly Rate Sheet

If you’re considering a new project, interest rates for the Central Ohio Bond Fund remain competitive.

To learn more about any of the above news,
please contact CFFA at 614-427-0394.