DevCo Release Updates
2018 Summer/Fall Releases
Imported additional Income Limits for
limits for 20%, 70%, 80% for the Low Income Housing Tax Credit
program. This was done in preparation for properties that may be
selecting the new minimum set-aside option of Average Income.
TIC Update – allowing rent & income
update reinstated the ability to see Income & Rent
restrictions/checks on 100% LIHTC projects for these event types:
Recertification/Recertify, Composition Updates and Transfer-Ins.
In the February release limiter was applied since recertification
type events are not required on 100% LIHTC projects.
Updated functionality of the selection for
· On the
Event Details screen:
will automatically be checked on all units with active Housing
Ohio Housing Trust Fund (OHTF), National Housing Trust Fund
(NHTF) may be checked/editable on Move-in, Recertify, Composition
Updates, Transfer In, and Rent Update event types.
· On the
Funding Program table on the Unit Information screen:
Tax Credit awards will be listed with the first building placed
in service date.
· HOME or
Trust awards will update based on the activity occurring on the
unit to identify if the unit is currently considered a HOME or
Trust assisted unit.
Adjusted mechanics of income components
populating from event to event
was done to improve income components (e.g. Social Security,
Checking) from event to event. This update aimed to transfer
incomes between most event types. Income will not be transferred
to Recertification events as this even type requires new
verification of current income.
Improved functionality for Transfer Events
members and their Income are now transferred from the transfer
out to the transfer in events. Previously in many cases this
information would have to be reentered.
For any TICs that experienced issues with
information displaying an OHFA Clarification Record should
be included in the tenant file showing the correct information.
If you have any questions or experiencing additional issues
please contact the DevCo Helpdesk.