Housing Finance Agency
57 East Main Street | Columbus, OH 43215
The Office of Program Compliance has made additional
process improvements in order to better serve our industry partners and
ensure material changes to a project are reported in a timely manner.
The first improvement includes revisions to the Notification of Employee Unit(s)
form (previously titled the Resident Manger's Unit form). The form was
revised in order to make it easier and more efficient to complete.
Project owners are required to submit this form when a designated
low-income unit is removed from the qualified basis and used as common
space in accordance with IRS Revenue Ruling 92-61. Each unit being
newly occupied by a full-time resident manager, maintenance, security
officer, service coordinator or used as a model unit (as outlined in
Revenue Ruling 92-61) should be included on this form.
The second improvement is the creation of a new form,
the Notification of Unit(s) Offline.
This form has been created to better record when low-income units are
taken offline due to fire or other types of damage. Owners are required
to submit this form within five business days of the unit being taken
offline. Space is provided in the form to list all buildings and units
impacted and the anticipated date the units will be available for
public use. Both forms are now posted on our website under Required Forms.
Owners should begin using the forms effective immediately.
In drafting the form changes, industry partners were
consulted along with OHFA's Program Compliance Advisory Committee to
ensure these forms are concise and help maintain compliance with
regulations. Questions regarding this message may be directed to Betsy
Krieger, Director of Program Compliance, firstname.lastname@example.org
or Christine Bennett, Training and Operations Manager, email@example.com.