Ohio

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Ohio Housing Finance Agency (OHFA) has released a revised Utility Allowance Policies and Procedures document to include an energy consumption model.

Ohio State Senators Bill Beagle (R-Tipp City) and Charleta Tavares (D-Columbus) recently introduced S.B. 327 which would raise the program’s annual cap from $10 million to $50 million, which is expected to spur an additional $500 million in local investment.

The Ohio Housing Finance Agency’s (OHFA) recently announced the launch of a collaborative study with USDA RD, HUD and The Ohio State University’s College of Public Health to examine the impact of a proposed policy change to reduce the frequency of physical inspections for affordable housing units receiving multiple funding sources.

In response to a growing number of requests to modify the restrictive covenants of housing credit apartment communities, the Ohio Housing Finance Agency (OHFA) recently established Restrictive Covenant Modification Guidelines for the review of modification requests.

Ohio Housing Finance Agency has updated its Environmental Review Standards for multifamily projects receiving federal HOME funds in Fiscal Years 2012 and 2013.

The IRS recently issued Notice 2012-18 to clarify rules relating to compliance monitoring and physical inspection requirements under the Rental Policy Working Group’s (RPWG) Physical Inspections Pilot Program. This program hopes to achieve a more coordinated effort for conducting physical inspections at properties that benefit from multiple sources of Federal funding with different inspection protocol

The Ohio Housing Finance Agency (OHFA) has released a new Frequently Asked Questions document regarding the Application Review Process for the 2012 Housing Credit Program.

The Ohio Housing Finance Authority has announced the availability of up to $4.5 million in gap financing for multifamily tax-exempt bond projects through the Housing Development Assistance Program.

Ohio Housing Finance Agency has released a notice that all market studies and any updated narratives must be submitted to OHFA no later than 5:00 p.m. on Thursday, December 8, 2011 and should be indexed according to OHFA Document Submission Procedures.

The Ohio Housing Finance Agency has released a series of Frequently Asked Questions (FAQs) regarding the 2012 Qualified Allocation Plan (QAP).

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

The Ohio Housing Finance Agency (OHFA) has released its 2012 Draft Appraisal Guidelines for projects that are seeking housing credits or gap financing resources, and has opened a public comment period.