Okla. Admin. Code § 330:75-7-5

Current through Vol. 42, No. 7, December 16, 2024

Section 330:75-7-5 - OHFA's responsibilities

OHFA's responsibilities include, but are not necessarily limited to, the following duties:

(1) OHFA will verify that the Recipient is maintaining records for each qualified affordable housing unit in the Project.

(2) Verification of whether Recipient is in possession of valid Certificate(s) of Occupancy.

(3) Physical inspection of the Project pursuant to HUD's Uniform Physical Condition Standards as set forth in the Interim Rule. Owner must allow OHFA to perform inspections throughout the affordability period as stated in the Written Agreement.

(4) Verification of Recipient's use of the correct and most current income limits and rent limits as established by HUD.

(5) Verify that the Recipient has filed the necessary deed restriction, covenants running with the land, or other approved forms of protection of the affordability period.

(6) OHFA will notify in writing the Recipient if staff discovers that the Activity does not comply with the NHTF Rules. In such event, a correction period to supply missing documentation or to correct noncompliance may be allowed.

Okla. Admin. Code § 330:75-7-5

Adopted by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017