Okla. Admin. Code § 330:80-7-5

Current through Vol. 42, No. 4, November 1, 2024

Section 330:80-7-5 - OHFA's responsibilities

(a) OHFA's responsibilities will include, but not be limited to, the following:

(1) Obtain a valid Certificate(s) of Occupancy.

(2) Perform physical inspection of 100% of the OHSP Developments/units according to inspection standards as set forth in the Application. Owner must allow OHFA to perform inspections throughout the construction period for all Developments.

(3) File deed restrictions, covenant running with land or other forms approved by OHFA ensuring the Term of Affordability, if applicable.

(4) Notify in writing the Awardee if staff discovers that the Activity does not comply with the OHSP Rules. In such event, a correction period to supply missing documentation or to correct noncompliance may be allowed.

(b) OHFA will recover the costs of actual expenditures associated with the administration of the Housing Stability Program, including the recovery of indirect costs using the indirect cost rate approved by OHFA's cognizant agency, from appropriations designated for administrative fees, including interest earned on administrative fees.

Okla. Admin. Code § 330:80-7-5

Adopted by Oklahoma Register, Volume 41, Issue 13, March 15, 2024, eff. 1/25/2024, exp. 9/14/2024 (Emergency)

Adopted by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024