OHFA posted a draft of the 2018-2019 Multifamily Underwriting Guide for public review and comment. The revisions to the Underwriting Guide were primarily designed to match programmatic revisions previously publicized in the Qualified Allocation Plan, including changes to the Developer Fee calculation.
In addition, the Underwriting Guide underwent a style and branding revision to clarify existing practices and incorporate policies that were previously embodied in stand-alone documents including the Cash Flow definition, appraisal requirements, CNA requirements, and Assisted Living Policy; these collateral policies also remained consistent year-over-year. The Market Study requirements were substantively modified and also consolidated into the Underwriting Guide.
Feedback may be submitted to Carlie J. Boos at CBoos@ohiohome.org through December 12, 2017. Because the final draft will be presented to the OHFA Board’s Multifamily Committee for recommendation and approval on December 13th, early comments are appreciated.
