Property Compliance News Briefs - March 2017

Thursday, March 2, 2017

The Ohio Housing Finance Agency (OHFA) announced Jan. 25 revised policy changes for its move-in tenant income certification (TIC) signature dates. Owners can have tenants sign recertification TICs on or up to 120 days after the household’s move-in date. The revised policy affects all developments in initial lease-up and those that have completed their lease-up. Effective Jan. 1, program compliance no longer allows the move-in TIC to be signed in advance. The TIC signature and effective date must be same as the date of move-in. This revised policy does not apply to recertification TICs. A second policy change concerns the utility allowance policy: OHFA will no longer accept consumption-based methodology utility allowance requests. OHFA will allow for a waiver to this policy change for owners who submitted a consumption-based utility allowance request from Jan. 1, 2016, to June 30, 2016, and were approved to use that allowance. Owners of these developments will be able to request a one-time consumption-based utility allowance upon annual renewal. 

***

On Jan. 19, the Arizona Department of Housing (ADOH) announced in Bulletin No. 03-17 that ADOH Section 8 Compliance has updated the YE 2016 annual report workbook. Item 1.(a.)(vi.) was updated and now asks for legal documentation of any ownership contact changes. Item 1. (f.) was added to require the submittal of a copy of the lease of any households that have occupied an apartment for less than six months. Annual report forms for all low-income housing tax credit (LIHTC) developments are due March 15.

***

The National Affordable Housing Management Association (NAHMA) announced Jan. 6 the four communities that were selected as the 2016 winners of its annual Communities of Quality (COQ) Awards program. GHC Housing Partners was awarded in the category of exemplary family development for Forest Green Apartments in Gainesville, Fla., Broadway Towers Inc. DBA Broadway Terrace was awarded in the category of exemplary development for the elderly for Broadway Terrace Apartments in Phoenix. St. Francis Academy was awarded in the category of exemplary development for residents with special needs for Bridgeway Apartments Phase 1 and 2 in Picayune, Miss. Emanuel-Morris Brown-Ebenezer Apartments Inc. was awarded in the category of outstanding turnaround of a troubled property for EME Apartments of Conway, in Conway S.C. Entrants are judged on how they manage the physical, financial and social conditions of their properties, and on how well they convey their success in offering the highest quality of life for their residents. There were 30 entrants this year. The 2016 COQ Awards will be presented at NAHMA’s annual winter meeting, March 5-7, in Washington, D.C. 

***

The Tennessee Housing Development Agency (THDA) announced Jan. 31 the merging of the program compliance division with the multifamily development division. The focus of the combined department is LIHTC and multifamily tax-exempt bond programs. The division is exclusively for the housing credit program and provides LIHTC property managers with information on changes and updates in the LIHTC program. 

Journal Category: 
Property Compliance