Okla. Stat. tit. 74, § 74-2903.1
This is the official text of Okla. Stat. tit. 74, § 74-2903.1, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Oklahoma Homebuilder Program
Official statutory text
The Oklahoma Homebuilder Program shall be administered by the
Oklahoma Housing Finance Agency (OHFA). The program shall create
more affordable single family housing units across the State of
Oklahoma. The program shall be a loan program for homebuilders at
interest rates as low as zero percent (0%), providing loans to build
single family housing units. The program shall fund both urban and
rural housing developments across the state. The program shall give
preference to applicants seeking to build homes in communities that
have been under a federally declared natural disaster within the
last twelve (12) months. Additionally, participants in this program
shall not be eligible for the Oklahoma Affordable Housing Tax Credit
as found in Section 2357.403 of Title 68 of the Oklahoma Statutes.
OHFA may promulgate rules to administer the Oklahoma Homebuilder
Program. OHFA shall provide a yearly report beginning July 1, 2024,
to the Governor, the Speaker of the Oklahoma House of
Representatives, the President Pro Tempore of the Oklahoma State
Senate, the House Appropriations and Budget Chair, and the Senate
Appropriations Chair detailing how many awards have been made and
Oklahoma Statutes - Title 74. State Government Page 947
how many single family housing units have been built to date, along
with other program information deemed relevant by OHFA.
Oklahoma Housing Finance Agency (OHFA). The program shall create
more affordable single family housing units across the State of
Oklahoma. The program shall be a loan program for homebuilders at
interest rates as low as zero percent (0%), providing loans to build
single family housing units. The program shall fund both urban and
rural housing developments across the state. The program shall give
preference to applicants seeking to build homes in communities that
have been under a federally declared natural disaster within the
last twelve (12) months. Additionally, participants in this program
shall not be eligible for the Oklahoma Affordable Housing Tax Credit
as found in Section 2357.403 of Title 68 of the Oklahoma Statutes.
OHFA may promulgate rules to administer the Oklahoma Homebuilder
Program. OHFA shall provide a yearly report beginning July 1, 2024,
to the Governor, the Speaker of the Oklahoma House of
Representatives, the President Pro Tempore of the Oklahoma State
Senate, the House Appropriations and Budget Chair, and the Senate
Appropriations Chair detailing how many awards have been made and
Oklahoma Statutes - Title 74. State Government Page 947
how many single family housing units have been built to date, along
with other program information deemed relevant by OHFA.
Status: in_force · Read it on the official government site
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