December DevCo Release
The Ohio Housing Finance
Agency (OHFA) released several changes and updates to DevCo Online.
These changes were initially released on December 20, 2017. This new
release impacts the project activation in DevCo, display of income and
rent limits, annual owner certification questions and more.
is a summary of the changes:
- Online Activity Triggered by Placed in
Service Dates: For all Housing Tax Credit
awards, listing in the online system is triggered by the
placed-in-service dates being entered in DevCo. If OHFA has not
received the placed-in-service dates for a new allocation, it will
not be listed in the online system. Contact your Project Administration
Analyst with OHFA or the DevCo Helpdesk to get the
placed-in-service dates entered correctly. All building/BIN
assignments, unit information and placed-in-services dates should
come from the owner or developer.
- Rent and Income Selections Limited to Restrictive
Covenant: For all Housing Tax Credit awards, the rent and
income percentage levels listed on the event are now limited to
the closest matches listed in the Restrictive Covenant. For
example, if a property has 50 percent and 60 percent rent limits,
only these selections will be available. However, if the property
also has 30 percent and 47 percent rent limits, the drop-down
would display 30 percent, 50 percent and 60 percent. If a rent or
income level is missing, you can contact your analyst or the DevCo
- New VAWA Annual (Owner) Certification
Questions: On all certification types, there are four required
questions on VAWA. They ask if the property has an emergency
transfer plan, if tenants were informed of their VAWA rights, if
VAWA was what was done and if additional language on VAWA was
included with the lease.
- New Compliance Training Annual (Owner)
Certification Questions: For the Tax Credit and
Extended Use certifications, properties are required to list any
staff that attended OHFA's Compliance Training in the last two
years. This question is required as part of the changes with the
Qualified Allocation Plan in 2016.