The Ohio Housing Finance Agency (OHFA) posted the second draft of it’s 2020 QAP which includes the proposed fee schedule for 2020 as well as the Universal Design components for scoring (replacing the Aging in Place criteria). Comments on the second draft are due by August 30. All comments should be sent in writing to QAP@ohiohome.org.
OHFA has drafted a new fee schedule to be implemented upon approval of the 2020-2021 QAP and is seeking public comment.
The Internal Revenue Service released a final rule for new compliance monitoring requirements per IRC Section 142-5, effective February 28, 2019. As a result of these new requirements, OHFA must perform a significantly higher volume of physical inspections and file reviews of LIHTC developments. As such, OHFA will be increasing the one-time, upfront Compliance Monitoring Fee. Please note that other fees have been adjusted slightly, but are not associated with the new IRS regulations.
Please review the draft fee schedule, included as Appendix A of the 2020-2021 QAP, and provide feedback to QAP@ohiohome.org by August 30
