The Office of Program Compliance has made additional process improvements in order to better serve our industry partners.

 

 

 

Ohio Housing Finance Agency       57 East Main Street | Columbus, OH 43215

 

 

 

 

 

OHFA Form Updates

 

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, bkrieger@ohiohome.org or Christine Bennett, Training and Operations Manager, cbennett@ohiohome.org

 

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Ohio Housing Finance Agency, 57 East Main Street, Columbus, OH 43215