Newly Updated!
DCA LIHTC & HOME Compliance Manual Update
The LIHTC & HOME Compliance Manual, featuring revisions from recent regulatory changes and updates from external partner feedback submitted, has been published on the DCA website effective March 11, 2024! Check it out here!
THE 2023 AOC IS DUE MARCH 1, 2024.
Login to the Emphasys Certification Portal to complete the AOC and see additional instructions here.
How to submit the 2023 AOC training site link: ANNUAL OWNER CERTIFICATION (AOC) | Georgia Department of Community Affairs (ga.gov).
NSPIRE UPDATE
The Office of Portfolio Management has scheduled the rollout of NSPIRE in a test environment by the end of March. Plans foresee the live environment being operational from April to June. Consequently, OPM anticipates maintaining UPCS operations until at least July. There is potential for running UPCS and NSPIRE concurrently during the months of April through June to ensure NSPIRE goes live on July 1, 2024.
HOTMA UPDATE
As of January 1st, 2024, the Housing Opportunities Through Modernization Act (HOTMA) of 2016 is effective for all rental properties within the DCA Office of Portfolio Management portfolio. However, the compliance date for implementation will be no later than January 1, 2025. This delay allows property managers and management companies additional time to update systems (i.e., software, staff, forms, etc.) for this upcoming implementation. Property managers/management companies will not be penalized for HOTMA-related errors until the compliance deadline of January 1, 2025.
For more information and implementation guidance regarding Multifamily, please visit the HUD link here
Office of Portfolio Management Fees
DCA has published compliance monitoring, asset management, and portfolio fees for all current and future properties in DCA/GHFA's portfolio, effective January 15, 2023. Please review the fees here. Thank you for your feedback during the public comment period November 15, 2022 - January 14, 2023.
Management Company Approval Policy
After reviewing all submitted comments, the Office of Portfolio Management has issued the final Management Company Approval policy. Please review the policy in the DCA LIHTC & HOME Compliance Manual. The effective date of the policy is January 15, 2021. Thank you to all who provided feedback.
Additional Information - Effective Immediately
For 100% LIHTC properties only - recertifications will no longer require a TIC, or a Self-Certification Form - only the Student Status and VAWA
For 100% LIHTC properties only - no "waiver" or "approval" is required to be granted or provided by DCA to allow properties to begin the self-certification process implementing only the Student Status form and the VAWA form(s).
Compliance Blasts
The Compliance Department will blast a bi-weekly e-newsletter to our contact list each month. By clicking the below link, you can view archived email Blasts.
CLICK HERE FOR ARCHIVED BLASTS
WANT TO JOIN OUR CONTACT LIST?
To sign up for the Blast, click here and join our email group for updates!
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Need to Update Your Management Company Credential Information?
Send DCA a completed Management Publication Updates form to showcase management company credentials for future potential DCA publication.
Email all forms to Compliance@dca.ga.gov
Archived: Mandatory Management Company Meetings
The Office of Portfolio Management hosted three virtual mandatory management company meetings on December 2, December 8, and December 9, 2020. Thank you for your attendance and engagement. Please find the following materials:
