Ohio Admin. Code 175-12-02 - Application schedule and procedures
(A)
Project
development owners are responsible for submitting the application and serving
as lead applicant, unless a designee for lead applicant is named. Project
development owners may designate another member of the development team as the
lead applicant by providing sufficient proof that the project development owner
has approved such designee pursuant to the project development owner's official
designation process or legislative body's resolution.
(B)
During an
application period, a project development owner or the designee may apply to
the director on a form as approved and made available by the director. Specific
application submission schedules shall be established by the director in the
plan or program policies published before each application period.
The project development owner or designee must submit an application that complies with the program policies as established by the director to be evaluated for a single- family tax credit. The application will require the project development owner or designee to submit the following information:
(1)
The name and
address of the project development owner's designated reporter;
(2)
The name and
address of all members of the project development team;
(3)
A commercially
reasonable estimate of the qualified project's development costs;
and,
(4)
Any other information the director may require through
the program plan, policies, or application.
(C)
The director
shall review applications for completeness and may request that project
development owner or designee provide missing or additional information
following their application submission. A project development owner or designee
may only submit missing information upon request from the director. If an
application is incomplete and the project development owner or designee does
not submit the requested information within a timeframe established in the
program plan or policies, the director shall notify the project development
owner and designee in writing that the application has been
rejected.
(D)
A rejection issued by the director for a specific
application period does not prohibit a project development owner from
submitting an application in a future application period.
Notes
Promulgated Under: 119.03
Statutory Authority: R.C. 175.05, 175.17
Rule Amplifies: R.C. 175.17
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