OHC provides feedback on draft rule 5703-25-20, which governs the valuation of federally subsidized residential rental property. While expressing appreciation for prior collaboration, OHC raises concerns that its recommendations were not fully incorporated into the latest draft. The Council emphasizes that unresolved issues in the rule could create inconsistencies, leading to continued valuation appeals and uncertainty. To address this, OHC advocates for a clear, standardized approach, including an Affordable Housing Valuation Calculator to ensure uniform application of the valuation formula. Additionally, OHC proposes refinements to key definitions to align the rule with the intent of the governing statute and industry best practices.

OHC's Letter to the Common Sense Initiative