December 6, 2021
Columbus, Ohio
Annual Owner Reporting Preparation
 
2021 Annual Owner Reports (AOR) are due March 1, 2022. Owners can submit AORs starting January 3, 2022. Below are a few reminders to help prepare for the AOR season:
 
  • All tenant events need to be updated in DevCo no later than the 10th of each month for the previous month. Please make sure you have updated all tenant events for the 2021 year in preparation for submitting your annual owner report next year. You also need to update all tenant events when you are notified of a file audit.

  • Utility Allowance (UA) information must be updated in DevCo annually. Here are instructions on how to update your project’s UAs.

  • Make sure the necessary staff responsible for completing the annual owner report have access to DevCo Compliance. Here are instructions on how to get access to the DevCo database. If you need any assistance getting access, please contact the DevCo Help Desk.

  • OHFA will offer two webinars before the March 1 deadline to explain the Annual Owner Reporting process. These webinars will discuss entering tenant events, dealing with errors, XML upload, finalizing the reporting year, completing the Annual Owner Certification questionnaire and how to submit corrections to AOR findings. The webinars will be January 19 and February 8 at 1pm. To register for one of these free webinars, please visit our website.
Did You Know? OHFA has a new instructional video just for you!

Check out this new four-minute video: Avoid Noncompliance Pitfalls with Social Security Income. This video provides important information for those new to the LIHTC industry and those who want a refresher on how to verify social security income correctly.
The last OHFA Compliance Policies and Regulations
Training for the 2021 year is December 9

This free, four-hour webinar focuses on OHFA's requirements for the multifamily programs it manages and will provide attendees with knowledge of OHFA specific forms, policies and much more. Industry partners fulfill the biannual OHFA Qualified Allocation Plan (QAP) training requirement by attending this session and receive 4 hours of CEUs for the SCHM and HCCP. This training session will be held from 12:30-4:30pm. Register for the December 9 session below.