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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 330. Oklahoma Housing Finance Agency |
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Chapter 50. Section 8 Existing Housing Program Rules |
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Subchapter 31. Owner Disapproval and Restriction [revoked] |
SECTION 330:50-31-3. Owner restrictions and penalties
Latest version.
- (a) If an owner commits fraud or abuse or is guilty of frequent or serious contract violations, OHFA will restrict the owner from future participation in the program for a period of time commensurate with the seriousness of the offense. OHFA may also terminate some or all contracts with the owner.(b) Before imposing any penalty against an owner, OHFA will review all relevant factors pertaining to the case, and will consider such factors as the owner's record of compliance and the number of violations.(c) OHFA may utilize items such as written warnings, abatements, reductions, terminations. In some cases OHFA may want to terminate only the contract(s) which have been violated.(d) Some examples for owner disapproval are listed below:(1) HUD notification of owner debarment/suspension.(2) HUD notification of violation of fair housing/federal equal opportunity.(3) Violation of contract obligations.(4) Owner fraud, bribery or other corrupt act in federal housing program.(5) Owner engaged in drug trafficking.(6) History of noncompliance with HQS.