Rule 175-12-04 | Selection of approved applications.
(A) An application will be rated and considered by the director according to detailed scoring criteria published in the plan and program policies adopted pursuant to section 175.17 of the Revised Code.
(B) Applications that do not meet the requirements of section 175.17 of the Revised Code, Chapter 175-12 of the Administrative Code, and the plan will not be approved by the director, unless a rule or plan waiver has been granted.
(C) If at any time following submission and approval of an application, but prior to project completion, there are changes to the fee or leasehold interest in the project site or in the composition of the development team, the project development owner or application designee must notify the Ohio housing finance agency in writing within fourteen days of the change. If such changes are made prior to final project approval and materially impact the feasibility of the project, at the discretion of the director, the project may be removed from consideration.
(D) The director shall notify each project development owner and designee if applicable in writing of the status of its application upon completion of the relevant application period.
Last updated April 15, 2024 at 8:24 AM
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