Okla. Admin. Code § 330:36-4-1.1

Current through Vol. 42, No. 8, January 2, 2025

Section 330:36-4-1.1 - Bond financed Developments

(a) Tax-exempt bond Developments financed with the proceeds of tax-exempt bonds adhering to guidelines established by federal legislation and/or the IRS, adopted by OHFA, and subject to the private activity bond volume cap are required to comply with all the requirements of these Rules with the exception of the competitive selection process.

(b) Code requirements for bond financed Developments must be met in addition to the AHTC requirements, i.e., rental units, rents, student exemptions, Transfers on site, occupancy changes, verification of assets.

(c) Deadlines for the submission of Applications for bond financed Developments will be established in the AP.

Okla. Admin. Code § 330:36-4-1.1

Added at 23 Ok Reg 2960, eff 1-2-07; Amended at 24 Ok Reg 2539, eff 1-1-08; Amended at 28 Ok Reg 1658, eff 1-1-12; Amended at 30 Ok Reg 1995, eff 1-1-14

Amended by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 1/1/2024