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Have you Submitted the 2014 Online Annual Owner Certifications and Tenant Data?

 

 Submit by Friday, April 3 to Avoid IRS Form 8823

 

Owners are required to submit the 2014 Annual Owner Certifications and Tenant Data via DevCo Online. OHFA will no longer accept the Excel-based Compliance Tool to report tenant data.

 

  • The deadline is fast approaching. Only 9 business days are left until the Annual Owner Certification and tenant data are due. Failure to submit the Annual Owner Report and tenant data by April 3rd will result in the issuance of IRS Form 8823 with the identified out of compliance date of January 1, 2014.
  • Owners are reminded that new projects or those in the lease-up phase must submit an Annual Owner Certification and tenant data if one or more residents were income qualified during calendar year 2014.
  • If a property was sold at any time during the 2014 reporting year, the responsible party for completing the Annual Owner Report and tenant data is the owner of record as of the close of the 2014 reporting year or December 31, 2014.

Deadlines

Active Projects (within 15 year compliance period)

The 2014 Annual Owner Certification and tenant data is due by April 3, 2015. See the 2014 Annual Owner Certification (AOC) Requirements Chart for more details. The Chart is listed in the Frequently Used Links section below.

 

Housing Trust Fund and Extended Use Projects

The 2014 Annual Owner Certification is due by April 3, 2015. The 2014 Tenant Data is due by May 1, 2015.

 

DevCo Guide and Help Desk

OHFA issued an Interactive DevCo Compliance User Guide on January 7th to assist with the 2014 Annual Owner Certifications and tenant data via DevCo Online. The Guide lists general procedures such as accessing and registering in DevCo, adding utility allowances, adding project information, completing Tenant Income Certifications, and using the data import function (i.e. XML upload). The interactive guide serves as the help page.

 

All questions regarding use of DevCo should be sent to DevCohelp@ohiohome.org. Please be sure to include in the subject line of the email the OHFA tracking number (project number), project name, and a brief description of the issue.

 

Frequently Used Links

DevCo Online Login: https://devco.ohiohome.org/AuthorityOnline/Default.aspx

    

DevCo Homepage: http://www.ohiohome.org/compliance/devco.aspx

 

DevCo Help Desk: DevCohelp@ohiohome.org

 

AOC Requirements Chart:  

http://www.ohiohome.org/compliance/2014AnnualCertificationChart.pdf

 

Questions regarding this message may be directed by email to Betsy Krieger, Director of Program Compliance at bkrieger@ohiohome.org.

 

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