As regulations and programs evolve, OHFA makes updates to the compliance rules and procedures associated with our various projects and programs. As a manager or owner of an OHFA-funded property, it's your responsibility to ensure that your properties comply with all applicable local, state, and federal laws and regulations. We've provided the following forms, documents, and information to help with compliance to OHFA's policies and ensure your project's success.
- Program Compliance – Requirements and Expectations (269 KB Adobe PDF File) New
If you have any questions about these updates or resources, contact your regional representative.
The Internal Revenue Service and Internal Revenue Code regulate the Housing Tax Credit (HTC) program. Qualified Allocation Plan (QAP) documents describe OHFA's procedures and policies for distributing Ohio's allocation and basic requirements for compliance of housing credits that support quality affordable rental housing.
- Extended Use Policy (259 KB Adobe PDF File) – revised 10/28/2016
Please see the Qualified Allocation Plan webpage for a QAP for a particular allocation year.
Please see the IRS & HUD Guidance webpage for more information on the HTC program.
HOME and Other Gap Financing
The goal of HUD's HOME Investment Partnerships Program (HOME) is to provide formula grants to state housing agencies to provide financing for eligible affordable housing developments to expand, preserve, and/or improve the supply of decent, safe, affordable housing for very low- to moderate-income persons and households in the State of Ohio. In addition to HOME funds OHFA has offered several other types of gap financing including Ohio Housing Trust Fund (OHTF), Tax Credit Assistance (TCAP), Tax Credit Exchange (TCE), and the Neighborhood Stabilization Programs (NSP), and Financial Adjustment Factor (FAF) funds.
- 2016 HOME Rent Approval Form (PC-E50) (163 KB Adobe PDF File)
- TCAP, TCE, and NSP Compliance Guidance (103 KB Adobe PDF File) – posted 12/14/09
Please see the IRS & HUD Guidance webpage for more information on the HOME program.
To ensure the long term financial viability of projects developed with the use of ARRA (TCAP, RTCAP, TCE) program resources, multifamily loans, projects that contain 10 or more HOME assisted units and any project for which OHFA requires ongoing asset management oversight. Long term viability will be evaluated through the analysis of quarterly and annual financial statements and approved annual budgets.
- Asset Management Policy (616 KB Word File)
Affirmative Fair Housing Marketing
OHFA requires that Affirmative Fair Housing Marketing Plans (AFHMP) are reviewed every 5 years for properties with multifamily funding with OHFA. If the property has HUD or RD funding in addition to OHFA funding, when significant changes occurred a full AFHMP should be completed; otherwise, a copy of the letter sent to HUD or RD certifying that there were no changes to the AFHMP should be submitted to OHFA.
- PC-E45 Affirmative Fair Housing Marketing Plan – Multifamily Housing (238 KB Adobe PDF File) – revised 3/27/13
- PC-E44 Instructions to Complete PC-E45 AFHMP – Multifamily Housing (77 KB Adobe PDF File) – revised 3/27/13
- 2013 Ohio Fair Housing Contacts (119 KB Adobe PDF File)
- External Link to Census Tract Information
- U.S. Census Bureau's American FactFinder
On July 29, 2008, the IRS issued final regulation 1.42-10 (Utility Allowances). The final regulation revises and expands the methods available for calculating utility allowances, in addition to outlining other changes. The OHFA Utility Allowance Guidelines describe how owners of Housing Tax Credit projects should implement final regulation 1.42-10.