Property Managers

It is the responsibility of Property Managers to submit completed forms, in a timely matter, to OCHFA's Compliance Division.

 

Compliance Division Resources

Compliance Division monitors properties financed with the Authority's Multi-Family Housing Tax-Exempt Bond funds; ensuring the long-term preservation of multi-family affordable housing and ensures that federal laws and the Authority's requirements are followed.

When a project is given its temporary certificate of occupancy, it is imperative that you contact our Compliance Division Mildred Guzman, MF Program Administrator; to begin submitting required reports to the Agency. To schedule compliance training, contact Mildred Guzman, Multi-Family Program Administrator
We recommend that new supervisors, on-site managers, leasing personnel, and persons responsible for completing OCHFA reports attend our training throughout the year. To schedule an onsite training, contact Mildred Guzman, Multi-Family Programs Administrator - 407-894-0014.

Income definitions according to Housing and Urban Development:

Each year, the U.S. Department of Housing and Urban Development (HUD) calculates median family incomes and income limits for metropolitan areas and non-metropolitan counties using the Fair Market Rent area defini¬tions, which generally follow OMB metropolitan area boundaries. HUD also calculates median family incomes for each state. Median family income estimates for metropolitan counties are not developed separately, but rather represent the estimates for the entire metropolitan area of which they are part.
  • Classification for "Low"
    • In order to be classified as low income, the household must earn 80 percent or lower than the median income of the county where you live. There are average amounts for 1-to-8-person households.
    Classification for "Very Low"
    • In order to classify as having very low income, the household must earn 50 percent or less of the median income for the number of people per household in your county.
    Classification for "Extremely Low"
    • For a household to qualify as extremely low income, the household must earn 30 percent or less of the median income for the county.

Income Limit Guidelines - Orlando MSA

Below are the Multi-Family Rental Program Income Limits for the Orlando Metropolitan Statistical Area (Orlando MSA) for 2015 as provided by the Housing and Urban Development (HUD). The Orlando MSA includes Lake, Orange, Osceola and Seminole Counties.  In accordance with IRS Revenue Ruling 94-57, MTSP participants (Multifamily Mortgage Revenue Bond and Housing Credit Participants) may continue to rely on the previous income limits, until 45-days after HUD releases a new list of income limits, or until HUD's effective date for this new list, whichever is later.

The Orlando-Kisimmee-Sanford, FL MSA contains the following areas: Lake, Orange, Osceola and Seminole Counties. Source: Housing and Urban Development (HUD)

HUD "HOLD HARMLESS" NOTIFICATION

Orlando MSA area was subject to HUD's Hold Harmless Policy in 2007.  Therefore, FY2011 HERA Special Income Limits can be used for eligible properties as described below.

Section 3009(a) of the Act of 2008 provides a general "hold-harmless" policy for MTS projects after calendar year 2008. Based on HUD's estimate of Median Family Income for FY2011, this "hold-harmless" policy was invoked for FY2011 MTSP Income Limits in Orange, Lake, Osceola, and Seminole County

HERA SPECIAL

(Est. 2011): Properties placed in service or financed by tax-exempt bonds on or BEFORE 12/31/2008 other than projects funded under Pre-1986 Rules.

Median
$58,400
← TOTAL NUMBER OF OCCUPANTS IN HOUSEHOLD →
1 2 3 4 5 6 7 8 9 10
50%

$ 21,500

$ 24,550 $ 27,600 $ 30,650 $ 33,150 $ 35,600 $ 38,050 $ 40,500 $ 42,910 $ 45,362
60%

$ 25,800

$ 29,460 $ 33,120 $ 36,780 $ 39,780 $ 42,720 $ 45,660 $ 48,600 $ 51,492 $ 54,434
80%

$ 32,720

$ 37,440 $ 42,080 $ 46,720 $ 50,480 $ 54,240 $ 58,000 $ 61,680 $65,408 $ 69,146

PROJECTS AFTER 5/31/11

Properties placed in service or financed by tax-exempt bonds AFTER 5/31/2011.

Median
$58,400
← TOTAL NUMBER OF OCCUPANTS IN HOUSEHOLD →
1 2 3 4 5 6 7 8 9 10
50%

$ 20,450

$ 23,400 $ 26,300 $ 29,200 $ 31,550 $ 33,900 $ 36,250 $ 38,550 $40,880 $ 43,216
60%

$ 24,540

$ 28,080 $ 31,560 $ 35,040 $ 37,860 $ 40,680 $ 43,500 $ 46,260

$49,056

$ 51,859
80%

$ 32,720

$ 37,440 $ 42,080 $ 46,720 $ 50,480 $ 54,240 $ 58,000 $ 61,680 $65,408 $ 69,146

PRE-1986 PROJECTS

Projects Funded Under Pre-1986 Rules Only - Not Adjusted to Family Size.

NOT ADJUSTED TO FAMILY SIZE (Only for Projects Funded Under Pre-1986 Rules)
Median Income
Lower (80%)
Eligible (150%)
$ 58,400 $ 46,720 $ 88,500

 

 

program operations

PROPERTY MANAGERS

 

Tenant Income Certification Forms

INCOME LIMITS

MSA PDF