Notification of IRS. In the event that OHFA becomes aware of any noncompliance with the requirements of the Code by Owner, any Building or the Development, including the failure to provide OHFA with all Certifications required from Owner or the Development, OHFA may notify the IRS. OHFA is required to notify the IRS of same no later than forty-five (45) days following the correction period, or extensions thereof, whether or not the noncompliance or failure to certify is corrected. Owner acknowledges that such noncompliance may result in the loss and recapture of Credit and that OHFA is not responsible for such loss and recapture.
Appears in 5 contracts
Samples: Regulatory Agreement for Low Income Housing Tax Credits, Regulatory Agreement for Low Income Housing Tax Credits, Regulatory Agreement for Low Income Housing Tax Credits
