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Compliance News Briefs - August 2021

The Ohio Housing Finance Agency (OHFA) announced June 8 that its compliance division expects to resume physical inspections in late summer, with inspections of buildings as well as vacant and occupied homes. OHFA will provide a 14-day notice of the audit along with a notice of specific units upon arrival on the day of the audit.

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The Arizona Department of Housing (ADOH) issued a bulletin June 24 regarding IRS Notice 2021-12 to update its guidance about common areas and recertifications due to the COVID-19 pandemic. ADOH recommends adhering to national, state and local guidance regarding common areas, which allows closure due to COVID-19, but not other noncompliance. ADOH also temporarily lifted its restriction to allow for tenant income certifications to be submitted electronically. Full, typical recertification is expected to resume Oct. 1.

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The Oklahoma Housing Finance Agency announced June 23 that low-income housing tax credit compliance would resume physical inspections Aug. 1, but it also will continue to perform desktop inspections submitted via its online portal. The moratorium on recertifications will not be extended. Inspections due for the remainder of 2020 through July 31 were suspended; desktop monitoring will continue for these sites. HOME, National Housing Trust Fund and Federal Deposit Insurance Corp. document inspections as well as tenant file reviews will continue electronically.

Journal Category:

Property Compliance

Authors:

Novogradac

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