Project closeout should occur as soon as possible after completion of the project so any excess City funds may be returned to OH for new projects. Detailed requirements around Final Disbursement and Project Closeout are found in the OH Loan Documents.
Collecting Demographic Information on Tenants in Federally Funded Projects
If the project is federally funded, Borrower must submit tenant demographic information prior to the final disbursement using the below form:
“Pass-down” Inspection with Asset Management
OH lending and asset management staff will inspect the building to confirm the building is ready for occupancy. OH staff will schedule a close out meeting and building inspection to coincide with project completion, the issuance of the temporary Certificate of Occupancy, and before tenant move-in.