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2015 Annual Owner Certifications: The end of the year is approaching fast!

 

The 2015 Annual Owner Certifications and tenant data for the reporting period of January 1, 2015 to December 31, 2015 will be due March 1, 2016. This due date is applicable for all Certifications of all OHFA-funded properties including those that have Gap-financing only, such as Ohio Housing Trust (OHTF)-Trust or HOME, and also TCAP/TCE, FAF, NSP. This reporting deadline is also the same for any property that is currently in its Extended Use period for the Housing Tax Credit (HTC) program.

 

Owners/managers should make sure that the 2015 Tenant Data has been updated before submission. Importantly, Annual Owner Certifications and Tenant Data for the 2015 Reporting Year should not be submitted before the end of 2015 and must be completed in our on-line DevCo system. Paper reports will not be accepted and will be considered out of compliance. The Annual Owner Certification will be available on January 4, 2016. However, owners/managers can enter the tenant events for the Tenant Data submission now.

 

OHFA has been diligently working to ensure the upcoming reporting period is more efficient for our partners. Many improvements are being made including new DevCo help guides and mini-webinars.

 

Last, it is extremely important that owners complete any outstanding deficiencies stemming from the 2014 Certifications (reporting period of January 1, 2014 to December 31, 2014) and submit corrections to the assigned Compliance Analyst.

 

Important updates will follow in the next several weeks.    

 

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