The E-Signature Policy was updated to allow e-signatures of non-OHFA documents. Other documents that project sponsors and partners provide to OHFA for compliance purposes may be electronic or contain e-signatures. These documents must meet applicable ESIGN and UETA requirements to be accepted by OHFA. OHFA will also accept electronic documents that are expressly permitted under applicable HUD guidance. Read and download the updated policy from our Compliance Policies webpage.

OHFA has created FAQs for our major HDAP programs: Ohio Housing Trust Fund, HOME, and National Housing Trust Fund. This document clarifies key differences between the three funding programs. Download the FAQs from the Multifamily Training and Technical Resources webpage.

This two-day webinar dives into the details about the Low Income Housing Tax Credit program. Participants can register for one or both days of this free training. Day one will cover LIHTC basics, and day two will review advanced LIHTC topics. The first LIHTC Essentials Training will be offered September 14-15.

Don’t miss the next Conquering Acquisition/Rehab Compliance Training, September 21 at 12:30pm. If you are going through an Acq/Rehab deal or have questions about staying compliant during this complex process, this is the training for you! During the free, three-hour webinar you will learn about maximizing credits, qualifying households, transfers, resyndications and more. Registration for all training dates are available now.

Help ensure your residents don’t’ miss out. It’s estimated that over 2.3 million Ohio children are eligible to receive the monthly benefit of $250 or $300 per month. These payments began in July and will continue through December with another six months of payments available upon filing a 2022 tax return. Importantly, those who do not file a tax return must “opt in” through an online portal on the IRS website.

The IRS website has two portals. One is for those who filed a tax return this year but need to update their information, such as adding a newborn child or changing an address. 

The other portal is where non-filers can sign up for the credit. It is important to remember the monthly child tax payments do not count in the annual calculation of income. 

Reminder--The IRS waiver of inspections and income recertifications for LIHTC projects will officially end on September 30, 2021. OHFA has already resumed physical inspections. The compliance staff will adhere to all UPCS guidelines when inspecting units and buildings. For more information about our inspection protocol, please refer to the August industry message.

The Midwest Affordable Housing Management Association is hosting their annual conference at the Quest Conference Center in Columbus. This year's event will feature national speaker Toni Blake, LIHTC Expert Karen Graham, representatives from HFA's, PBCA's and other industry experts you don't want to miss! Topics will include the following: diversity & inclusion, character-driven performance, assistance animals, staff turnover and more!