Property Compliance News Briefs – March 2019

Tuesday, March 5, 2019

The Ohio Housing Finance Agency (OHFA) announced Jan. 11 changes for 2019, including that software for audits will integrate with DevCo Online. The new software will allow OHFA to move toward becoming a paperless department. Owners and managers will also be able to view all of the review reports for properties that they have access to in DevCo. Also, owners and managers will be required to update all tenant and property data in DevCo each month. OHFA will also begin to conduct re-inspections on properties to determine if non-compliance has been corrected after an audit has been completed. Lastly, OHFA will continue to give an original 60-day response period when conducting audits. 

***

The California Tax Credit Allocation Committee (CTCAC) announced Jan. 18 updates for owners and managers of affordable housing properties for 2019. The 2018 tenant demographic data collection is on CTCAC’s website. The 2018 annual owner certification (AOC) package Part I is due March 18. In 2019, the AOC package will continue to consist of two parts. Part I includes the AOC form and the project ownership profile form. The 2019 compliance monitoring inspection list is available on CTCAC’s website.

Journal Category: 
Authors: