Application Materials & Resources

2018 - all effective 1/1/18
Attachment E-Electronic Application Instructions 
All Applications must be submitted using OHFA's Dropbox system.
       -posted 11/28/17
      -Several changes have been made since the Application training in October.  Please read carefully.  
Final Application Instructions 
       -posted 9/15/17, updated 10/12/17, updated 11/28/17  
      -10/12 updates include formatting, changes to Staff on page 6. 
      -11/28 updates include changes to Staff on page 6, deadline is now 5:00 p.m., page 7, removed some "to be formed" language page 16, removed TIN from Attachment #5, page 33, clarified DCR language, at least 1.1500, no rounding, page 54.
Final Application Attachments 1-13 
        -posted 9/15/17, updated 10/12/17,  updated 11/28/17
      -10/12 updates include formatting
      -11/28 update includes removed TIN from Attachment #5
Final Application Form 
       -posted 9/15/17, updated 10/12/17, updated 11/28/17
       -10/12 updates include formatting, added one question under Utilities
       -11/28 updates include added wire documentation to Tab 1, page 4, removed TIN from contacts, pages 7-9
Final Application Excel Worksheets 
        -posted 9/15/17, updated 10/12/17, updated 11/28/17
      -10/12 update included formatting
      -11/28 update includes DCR, must be 1.1500, no rounding
        -12/27 update formula error on Expenses page
      -12/28 update formula error on cost per square foot page

For January 2018 Applications, Staff will underwrite at 3.22% for 4% Credits.  

Allocation Negative Points - effective 06/01/18
Compliance Negative Points - effective 06/01/18

As always, OHFA does not provide tax or legal advice.

Resources
Income/Rent Limits
Utility Allowances
HUD Utility Schedule Model
Quarterly Progress Report
Qualified Census Tracts (QCT) and Difficult Development Areas (DDA) - Effective January 1, 2018

NCSHA Housing Credit Income Averaging FAQ 2018

OHFA Income Averaging QAP Amendment Final