OHFA has been selected by State
Treasurer Robert Butkin as the "Certifying Agency" for the Oklahoma
Rural and Affordable Housing Linked Deposit Act. OHFA will develop
guidelines, monito compliance and assist in the production of
affordable housing in rural Oklahoma.
The lack of affordable housing in rural communities is a barrier to
economic development and business expansion in these areas.
The Rural and Affordable Housing
Linked Deposit Program was put into operation in 2005. It
provides low-interest loans of up to $2 million each to qualified
housing developers to construct single-family and multi-family
housing in rural
Oklahoma
and in qualifying areas of urban centers.
The Treasurer’s Office is assisted by
the Oklahoma Housing Finance Agency in administering this program.
For more information and an application, visit
www.treasurer.state.ok.us/rblink.html. |
Housing
Development Team