Post by pam on Aug 1, 2024 17:53:49 GMT
We continue to request rehabilitations with existing LURAs are allowed to utilize Income Averaging.
Pages 79-80-Income Averaging-Attachment E-We suggest making the grid only due with the annual reports. To make it due in October seems duplicative and inefficient, by reporting twice. We continue to support only once a year reporting. Owners of developments electing income averaging are already required to submit OHFA’s Annual Owner Certification, Income Averaging Election/Certification Form, Income and Rent Grid Form by February 15, making the October 1 required reporting redundant.” We continue to request only once a year submission.
Pages 79-80-Income Averaging-Attachment E-We suggest making the grid only due with the annual reports. To make it due in October seems duplicative and inefficient, by reporting twice. We continue to support only once a year reporting. Owners of developments electing income averaging are already required to submit OHFA’s Annual Owner Certification, Income Averaging Election/Certification Form, Income and Rent Grid Form by February 15, making the October 1 required reporting redundant.” We continue to request only once a year submission.