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Property Compliance News Briefs - June 2017

The Mississippi Home Corporation (MHC) low-income housing tax credit (LIHTC) compliance monitoring requirements updates were effective May 1. The document, “Mississippi Home Corporation’s 2017 Housing Tax Credit Compliance Monitoring Plan Summary of Updates,” was issued to LIHTC developers, owners and management agents and includes a summary of major changes and/or examples to the LIHTC compliance monitoring plan. New staff members were listed, forms were added or revised and changes were cited in general policies and procedures, as well as chapters 3, 4, 5 and 7. All changes are outlined in the 2017 compliance monitoring plan, which was issued in March and is available at www.taxcredithousing.com.

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The Ohio Housing Finance Agency (OHFA) issued its spring 2017 newsletter April 19, announcing the promotion of two staff members to its property compliance asset management office. Eric Corthell joined the property compliance team several months ago as an asset portfolio analyst. He previously worked with OHFA’s Save the Dream program as a data analyst. The Save the Dream program is a foreclosure prevention outreach initiative. Taylor Koch joined the property compliance team May 1 as senior asset manager. These promotions came after the resignation of Marlena-Locke Lowe, who worked as a compliance analyst at OHFA for more than 15 years. 

Journal Category:

Property Compliance

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