Oklahoma Administrative Code
Title 330 - Oklahoma Housing Finance Agency
Chapter 36 - Affordable Housing Tax Credit Program
Subchapter 8 - Qualified Contract
Section 330:36-8-1 - Purpose
Universal Citation: OK Admin Code 330:36-8-1
Current through Vol. 41, No. 13, March 15, 2024
Pursuant to 42(h)(6) of the Code, after the end of the 14th year of the Compliance Period, the Owner of a LIHTC Development can request OHFA as the allocating agency to find a buyer at the Qualified Contract Price (QCP). If a buyer cannot be located within one year, the Extended Use Commitment will terminate. This process provides the procedures for the submittal and review of the Qualified Contract requests.
Added at 23 Ok Reg 2980, eff 7-13-06; Amended at 28 Ok Reg 1658, eff 1-1-12
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