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Compliance News Briefs - May 2021

Rhode Island Housing posted a bulletin March 9 announcing that an updated compliance manual was released. Significant revisions include clarification of Rhode Island Housing policies, deeper discussion on both the average income test required minimum distributions and acquisition and rehabilitation developments.

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The Ohio Housing Finance Agency (OHFA) included a reminder in its first quarter report March 30 that property owners seeking a property inspection must be registered in the DevCo Online system and have access to each of their properties in DevCo. In addition, OHFA has temporarily disabled partners’ ability to download files from the system.

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The California Tax Credit Allocation Committee released updated documents in April for Good Cause Evictions and Section 42 LIHTC Lease Rider. The updated forms are available at the
www.treasurer.ca.gov/ctcac.

Journal Category:

Property Compliance

Authors:

Novogradac

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