2017 HOME Rent Limits Published and Rent Approval Submission
of HOME-assisted properties must implement the
rent limits and submit a HOME Rent Approval Form to
The 2017 HUD published HOME rents are effective June 15, 2017.
Recipients of projects that have received HOME funds are required to
submit an OHFA HOME Rent Approval Form on an
annual basis. The 2017 HOME rents must be implemented 45 days from the
effective date or July 30, 2017. HOME Recipients who fail to submit the
Rent Approval Form may be placed on a Watch List and OHFA's Office of
Planning, Preservation and Development will be notified. Allocation of
funding for new projects may be impacted for Owners/Recipients who are
on the Watch List.
The requirement to submit a HOME rent approval form is
the result of HUD's 2013 Final HOME Rule. The 2013 Final HOME Rule
amends §92.252(f)(2) to require that a PJ (The Ohio Housing Finance
Agency) must review and approve rents for each HOME-assisted rental
project each year to ensure that the project complies with the HOME
limits and that they do not result in undue increases from the previous
requirement does not apply to Recipients who received funding for other
types of HDAP or Gap Financing such as Ohio Housing Trust Funds.)
The HUD published limits are available on the Rent and Income page of the
Program Compliance section of OHFA's website. HOME Recipients must
submit the OHFA Rent Approval Form by July 30, 2017. The HOME Rent Approval
Form should be sent directly to the OHFA Compliance Analyst assigned to
the subject property via email or regular mail.
Please direct any questions regarding this message to
Betsy Krieger, Director of Program Compliance via email at email@example.com.