SECTION 330:36-8-1. Purpose

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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.

[Source: Added at 23 Ok Reg 2980, eff 7-13-06; Amended at 28 Ok Reg 1658, eff 1-1-12]

                    
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