Ohio
Ohio Urges Against Rent Increases, Extends Recertification Protocol through June
The Ohio Housing Finance Agency (OHFA) strongly encourages that owners and management companies of housing projects financed in whole or in part by the agency, suspend all rent increases while Governor Mike DeWine’s COVID-19 State of Emergency or the President’s Major Disaster Declaration remain in effect.
Ohio Extends Bond Gap Financing Comment Deadline to May 1, Accepts HDGF starting May 4
The deadline to submit comments on Ohio Housing Finance Agency’s (OHFA) Draft Bond Gap Financing Guidelines has been extended from April 24 to May 1. On May 4, OHFA will begin accepting a Notice of Intent to Apply and Exception Requests for the 2020 Housing Development Gap Financing program.
Ohio Cash Flow Repayment Waivers & MLP Forbearance Initiative
The Ohio Housing Finance Agency (OHFA) is offering Cash Flow Loan Repayment Waivers for 2019 repayments.
Ohio Compliance Updates
Household stimulus payments provided by the CARES Act are not to be included in calculations of income. (issued by states) are to be treated as income, as is customary under program rules. The Ohio Housing Finance Agency is providing an initial 30-day correction period for Annual Owner Certifications (AOC).
Ohio to Offer Carryover Allocation Relief
The Ohio Housing Finance Agency (OHFA) will grant Carryover Allocation relief to eligible projects on a case-by-case basis. To be eligible, projects must have a demonstrated and documented need and must meet the requirements outlined in Rev. Proc. 2014-49.
Ohio BGF Guidelines, Competitive HTC timing, and Consolidated Plan Updates
Ohio Housing Finance Agency’s (OHFA) draft 2020 Bond Gap Financing (BGF) program guidelines are now available. The BGF program is geared toward developers using non-competitive (four percent) credits in conjunction with multifamily bonds. Comments on the draft guidelines can be sent to [email protected] and will be accepted through April 24, 2020.
Guidance to Properties with Ohio 811 PRA Funding
State agency partners for the Ohio 811 Program and the Ohio Department of Medicaid Subsidy Demonstration (ODMSD) are issuing the following guidance to property owners and management agents due to the evolving public health situation with COVID-19:
Ohio Reschedules April 1 Compliance Policies and Regulations Training to April 21
The Ohio Housing Finance Agency (OHFA) will hold the April 1 Compliance Policies and Regulations training session on Tuesday, April 21 as a webinar. The May 19 training will also be a webinar. Both trainings will be 3.5 hours at 12:30 – 4:00 pm EDT.
Ohio Issues Shelter in Place Guidance, Exempts Multifamily Housing
On Sunday, March 22, Dr. Amy Acton, MD, MPH, Director of the Ohio Department of Health (ODH), issued an order, entitled “Order that All Persons Stay at Home Unless Engaged in Essential Work or Activity.”
Ohio Recommends Suspending All Group Gatherings, Activities
In accordance with state and federal guidance, the Ohio Housing Finance Agency (OHFA) is recommending that all group gatherings or activities, which may include supportive service programs monitored by OHFA, be suspended at OHFA-financed properties.
Ohio HFA Employees Work from Home, Suspends Inspections and Maintains March 18 Board Meeting as Scheduled
Effective Monday, March 16, 2020, the Ohio Housing Finance Agency (OHFA) has transitioned all of its employees to working from home.
Ohio Updates AHFA
Proposal applications in connection with the 2020 LIHTC round are due to the Ohio Housing Finance Agency (OHFA) no later than 5:00 pm ET on Thursday, February 13, 2020. The Affordable Housing Funding Application (AHFA) and all supporting documentation must be submitted on a compact disc, organized and formatted according to the instructions and index specified in the AHFA.