OHFA's goals and objectives are intended to assure that families selected to participate are equipped with the tools necessary to locate an acceptable housing unit. Families are provided sufficient knowledge and information regarding the program and how to achieve maximum benefit while complying with program requirements.
When eligibility has been determined, OHFA will conduct an obligatory briefing to ensure that families know how the program works. The briefing will provide a broad description of owner and family responsibilities, OHFA’sprocedures, and how to lease a unit. The family will also receive a briefing packet, which provides more detailed information about the program including the benefits of moving outside areas of poverty and minority concentration.
When eligibility has been determined, OHFA will conduct an obligatory briefing to ensure that families know how the program works. The briefing will provide a broad description of owner and family responsibilities, OHFA’sprocedures, and how to lease a unit. The family will also receive a briefing packet, which provides more detailed information about the program including the benefits of moving outside areas of poverty and minority concentration.
ISSUANCE OF VOUCHERS
When financial support is available, OHFA will issue vouchers to applicants whose eligibility has been determined. The number of vouchers issued must ensure that OHFA stays as close as possible to100 percent lease-up. OHFA performs a monthly calculation electronically to determine whether applications can be processed, the number of vouchers that can be issued, and to what extent the PHA can over-issue (issue more vouchers than the budget allows to achieve lease up).
OHFA may over-issue vouchers only to the extent essential to meet leasing goals. All vouchers that are over-issued will be honored, as long as there is funding to support the over-issued vouchers. If OHFA finds it is over-leased, it must adjust future issuance of vouchers in order not to exceed the ACC budget limitations over the fiscal year.
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