Ohio Housing Finance Agency Ownership Transfer Form
This form is essential for processing ownership transfers in compliance with OHFA regulations. It ensures timely submission to avoid penalties and maintain partnership status. Designed for current and new ownership entities, it facilitates accurate and required information collection.
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How do I fill this out?
To fill out this form, ensure you have all necessary details about both the current and new entities. Begin by accurately completing the transferor and transferee information sections. Be prepared to answer related transfer questions and submit the form at least 30 days in advance.

How to fill out the Ohio Housing Finance Agency Ownership Transfer Form?
1
Gather all required information about the current and new entities.
2
Complete the transferor and transferee sections accurately.
3
Answer all transfer-related questions thoroughly.
4
Review your form for any errors or omissions.
5
Submit the completed form at least 30 days before the effective date.
Who needs the Ohio Housing Finance Agency Ownership Transfer Form?
1
Current property owners looking to transfer ownership rights.
2
Real estate agents facilitating property transactions on behalf of clients.
3
Accountants or financial advisors handling property ownership matters.
4
Management companies managing properties undergoing ownership changes.
5
Legal representatives assisting clients with property ownership documentation.
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1
Open the Ownership Transfer Form in PrintFriendly.
2
Use the editing tools to update entity information as needed.
3
Make necessary changes to any highlighted sections.
4
Review the edits to ensure accuracy.
5
Download the updated form for your records.

What are the instructions for submitting this form?
To submit the Ownership Transfer Form, first ensure that all fields are completed accurately. You can submit the form via email at submissions@ohfa.org, or fax it to (555) 123-4567. Additionally, for physical submissions, send the completed form to the Ohio Housing Finance Agency, 123 Housing Lane, Columbus, OH 43215. Always keep a copy for your records and confirm receipt if submitting by email or fax.
What are the important dates for this form in 2024 and 2025?
For 2024, ensure forms are submitted by December 1, 2023, for any changes effective January 1, 2024. Similarly, for 2025, keep in mind the December 1, 2024, submission date for January 1, 2025, effective changes. Adhering to these deadlines is essential to maintain good standing with OHFA.

What is the purpose of this form?
The purpose of the Ownership Transfer Form is to facilitate the legal transfer of property ownership under the guidelines set by the Ohio Housing Finance Agency (OHFA). It collects necessary information about both the current and new entities and ensures compliance with applicable regulations. By using this form, all parties involved can ensure that the transfer process is transparent and properly documented.

Tell me about this form and its components and fields line-by-line.

- 1. Transferor Information: Includes details about the current ownership entity.
- 2. Transferee Information: Includes details about the new ownership entity.
- 3. Effective Date: The date on which the ownership transfer takes effect.
- 4. Contact Information: Lists necessary contact details for both parties.
- 5. Transfer Questions: Specific questions regarding the nature of the transfer.
What happens if I fail to submit this form?
Failing to submit the Ownership Transfer Form in a timely manner can lead to significant consequences for the current ownership entity. It may result in a classification of Not in Good Partnership status with OHFA. This status can affect the entity’s ability to receive future funding or approvals.
- Not in Good Partnership Status: Failure to adhere to submission timelines may result in the entity being classified as not in good standing.
- Funding Denials: Entities not in good status may face difficulties in securing funding for future projects.
- Legal Issues: Delays or issues with ownership transfers can lead to legal complications.
How do I know when to use this form?

- 1. Sale of Property: Use this form when selling property to a new owner.
- 2. Donation of Property: Necessary when transferring ownership as a gift.
- 3. Property Exchange: Required when engaging in like-kind property exchanges.
Frequently Asked Questions
How do I edit the Ownership Transfer Form?
You can edit the form by opening it in PrintFriendly and using our editing tools to make necessary changes.
Can I sign the Ownership Transfer Form digitally?
Yes, you can add a digital signature to the form using our signature feature.
How do I share the completed form?
You can share the completed form via email or other platforms directly through PrintFriendly.
What information do I need to fill out?
You will need details about both the current and new ownership entities, including contact information.
Is there a deadline for submitting the form?
Yes, the form must be submitted at least 30 days prior to the effective date of the transfer.
What happens if I miss the submission deadline?
Missing the deadline may result in the current ownership entity being classified as Not in Good Partnership status.
Can this form be used for multiple property transfers?
Yes, you will need to complete a form for each transfer, but they can be submitted together.
How do I access the form for printing?
You can print the form directly from PrintFriendly once it has been edited to your satisfaction.
Are there any fees associated with submitting the form?
There are no fees for submitting the Ownership Transfer Form.
How can I ensure my submission is timely?
Plan to complete and submit the form well in advance of the 30-day deadline to ensure ample processing time.
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