February DevCo Release
On February 5, OHFA
implemented new changes to income and rent verification on events in
DevCo online. These changes will ensure that income and rent checks are
working properly on all Housing Tax Credit (HTC) properties. The
changes also improved how limits are selected for units with HOME
funds, properties with project-based assistance and resyndicated
- Events with Income Checks:
- On All Properties: Move-Ins
- HTC with Market-Rate Units:
Recertification/Recertify, Composition Updates and Transfer-Ins.
- On All Properties: Move-Ins, Rent
Updates, Recertify, Composition Updates and Transfer-Ins.
DevCo was experiencing
technical difficulties with the updates on Part V of Tenant Income
Certifications (TICs), but these issues have been resolved. Changes in
the TICs were not fully implemented until February 16. In this
intervening period from February 5 to February 16, some TICs were
displayed with -999 number in income or rent limit-related fields. The
issue primarily occurred for recertification events on properties
without market-rate units, although a few other properties were
impacted as well.
Moving forward from this
release, TICs will have the following changes based on funding and
Properties That Have No Market Rate Units
- These properties do not require income
verifications due to the Housing and Economic Recovery Act of 2008
on recertification, composition update and transfer-in events.
Therefore, the "HH Meets Income Restriction at"
and "Maximum Income Limit for Household"
fields are marked "not applicable" on these TICs in Part
V. Additionally, Part V will display this message, "Income Verification not Required: no market rate
units on HTC award."
- The following message was posted in DevCo
on Property Listings Message Board:
HTC properties that have no
market-rate units listed on the project do not require income
verifications on recertification, composition update and transfer-in
events and will not be implemented through DevCo Online.
Properties without 8609s or Placed-In Service Dates
- Income limit and rent limit-related
fields will be blank. This is due to the placed-in service dates
or other award information not being entered into DevCo correctly.
If you experience this issue, please contact the Project
Administration Analyst or the DevCo Help Desk for assistance. Once
the needed information is entered by OHFA staff, the limits will
with HOME or Ohio Housing Trust Fund Only
- Income limit and rent limit related
fields will be blank. Later in 2018, income and rent limit checks
will be fully implemented in DevCo for HOME, Ohio Housing Trust
Fund (OHTF) and National Housing Trust Fund (NHTF). If the
property has an HTC award, the limits will display for the tax
For any TICs that were
printed with -999 numbers or other issues in the income or rent limit
related fields, an OHFA Clarification Record should be included in the
tenant file showing the correct income or rent information. If you have
any questions or experience additional issues, please contact the DevCo Help Desk.