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December 12, 2018

Volume: 1

 

 

2018 Annual Owner Reporting Due on March 1, 2019!

 

Owners are required to submit the 2018 Annual Owner Certifications and Tenant Data via OHFA's online reporting system, DevCo Online. OHFA recommends you start the reporting process as early as possible after Wednesday, January 2, 2019. This information is due on March 1, 2019. See the Annual Reporting Requirements Chart for more details. 

  

Housing Tax Credit (HTC) Extended Use Properties

These properties have completed the first 15 years of the compliance period and are required to submit tenant data on all rental activity for the reporting year.

 

New Projects or Lease-Up Phase

If any unit is qualified during the 2018 reporting period, the owner is required to submit the tenant data and annual certification.

 

Properties Sold in Reporting Year

If the property was sold during the reporting period, the owner of record at the end of the reporting period (12/31/18) is responsible for annual reporting.

 

Important notice for XML upload users: Starting January 1, 2019, OHFA will use the NAHMA 4.0 standard for the XML schema. If you have issues with generating this file, DevCo staff can work with you to determine the best method to get your tenant information in DevCo. This does not apply to anyone adding tenant events to DevCo manually.

 

DevCo Resources and Help Desk

Several resources are available for DevCo, including the Compliance User Guide, DevCo Videos, DevCo Compliance FAQs and the DevCo Help Desk. OHFA revised the interactive DevCo Compliance User Guide. In addition to the guide, the how-to videos cover the major areas used in reporting.

 

Two webinars will be held covering the Annual Owner Reporting Process on January 8 and February 5 at 2:00 pm. All questions regarding use of DevCo should be submitted through the DevCo Help Desk.