February 7, 2021
Columbus, Ohio
IRS Waiver
 
IRS issued notice 2021-12 on January 11, 2022. This notice allows additional Covid-19 related waivers. Please review this waiver.

OHFA’s Multifamily Compliance Division plans to continue conducting file audits and physical inspections. We also will not be making changes to our current correction periods for audits at this time. The Compliance Division will continue to monitor our staff and the specific circumstances at each project before completing physical inspections.
Annual Owner Reporting
 
This is a reminder that owners are required to submit 2021 Annual Owner Certifications and Tenant Data for each project that has qualified a tenant during the reporting year via OHFA's online reporting system, DevCo Online. OHFA recommends you start the reporting process as early as possible. The information is due on Tuesday, March 1, 2022. Review the Annual Reporting Requirements Chart for more details on requirements by funding source.

Don't miss the last Annual Owner Reporting (AOR) webinar on Tuesday, February 8, at 1pm. This webinar will discuss tenant events, dealing with errors, completing the Annual Owner Certification form and how to correct findings found on the compliance audit letters. If you cannot attend the webinar, the recording of the first AOR webinar from January 19, 2022 is on our DevCo Videos page.

To get started on your annual owner report(s), click here.
2022 Compliance Trainings Registration Now Available!

The Training and Technical Assistance team is bringing back the Compliance Policies and Regulations Training, LIHTC Essentials Training, and Conquering Acquisition and Rehabilitation Training webinars for the 2022 year. Registration for the first half of the year is now available here.

Compliance Policies and Regulations Training

This free, four-hour webinar focuses on OHFA's requirements for the multifamily programs it manages and will provide industry professionals with tools and knowledge of OHFA forms, policies and much more. Attendees receive 4 hours of continuing education units (CEUs) for HCCP and SCHM certifications. Importantly, this training meets OHFA’s biannual QAP training requirement. The first webinar is March 8th. All training sessions will be held from 12:30-4:30pm. To register for a webinar please visit our website.

Conquering Acquisition and Rehabilitation Training

This interactive webinar focuses on the complexities and best practices for Acq/Rehab projects. OHFA staff presents the webinar, along with Melanie Shapiro from OCCH. If you are going through an Acq/Rehab deal or have questions about staying in compliance, this is the training for you! During the free, four-hour webinar you will learn about maximizing credits, qualifying households, transfers, how to record tenant events in DevCo, resyndications and more. The first webinar is March 29th. All trainings sessions will be held from 12:30-4:30pm. Registration for all training dates is available here.

LIHTC Essential Training

This free two-day webinar dives into details of the Low Income Housing Tax Credit program. This training teaches participants all federal regulations and OHFAs particular policies for LIHTC compliance. Participants can register for one or both days. Day one covers LIHTC basics while day two will cover more advanced LIHTC topics. Register for both days to complete the entire training. The first webinar dates are April 12th and 13th. Visit our website to register for the available trainings.
Do You Know About All of OHFA’s Training Resources?

OHFA has many resources to help you stay in compliance. Be sure to check out:


Additional resources can be found here.

Also, be sure to view our short videos On Demand Courses on topics such as Avoiding Compliance Pitfalls with SS Income, Applicable Fraction and Unit Transfers, and Changes in Household Composition. These videos are ideal for those new to the industry and for those who want a refresher.