Oklahoma Housing Finance Agency Awards $5.2 Million
in Affordable Housing Tax Credits
OKLAHOMA CITY - Oklahoma Housing Finance Agency’s
Board of Trustees approved at its November meeting
reservations of Affordable Housing Tax Credits to
build or rehabilitate affordable housing in
Oklahoma. OHFA is the state’s tax allocating agency
for AHTC.
The following developers received a reservation of
tax credits. The amount listed is received each year
for the first 10 years of a project’s operating
period. For example, a $500,000 reservation results
in a total tax credit award of $5 million.
• $600,000 reserved for
Ardmore Affordable Housing, LP for the construction
of 45 single-family homes in Ardmore.
• $350,173 reserved for
Excel Development Group for the construction of 14
duplexes (28 units) to be known as Smith Farm Estate
in Broken Bow.
•
$600,000 reserved for Chickasha Housing Partners, LP
for the construction of 36 apartments to be known as
Chickasha Hotel in Chickasha.
• $513,512 reserved for
Housing Authority of the Seminole Nation of Oklahoma
for the construction of 25 single-family homes in
Earlsboro.
• $416,656 reserved for
Holdenville Oakridge Community II, LP for the
construction of 22 apartments to be known as
Holdenville Oakridge Community Phase II in
Holdenville.
• $397,532 reserved for
Excel Development Group for the construction of 18
single-family homes to be known as Stonebrook
Estates in Konowa.
• $339,524 reserved for
Excel Development Group for the construction of 10
duplexes (20 units) to be known as Stonebrook Villas
in Konowa.
• $453,369 reserved for
Zimmerman Properties, LLC for the construction of 40
apartments to be known as Westside Apartments in
McAlester.
• $600,000 reserved for
Garrison Development Company for the construction of
42 apartments to be known as The Manhattan
Apartments in Muskogee.
• $600,000 reserved for MACO
Development Company, LLC for the construction of 40
apartments to be known as Brooke Village Senior
Apartments in Oklahoma City.
• $300,187 reserved for
Chameleon Development, Inc. for the construction of
48 apartments to be known as Skiatook Retirement
Community in Skiatook.
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