Tri-County Indian Nations Community Development Receives Oklahoma Housing Trust Fund Loan for Development of Single-Family Homes in Coalgate

OKLAHOMA CITY — Oklahoma Housing Finance Agency approved a $200,000 Housing Trust Fund loan during its January meeting for Tri-County Indian Nations Community Development Corp. to develop four single-family homes in the City of Coalgate.

Administered by OHFA, the Housing Trust Fund provides low-interest loans to finance new construction, conversion of buildings into apartments or homes, rehabilitation projects or infrastructure improvements, particularly in rural Oklahoma. The term for the $200,000 loan will be 18 months at a one percent interest rate.

Central Oklahoma Habitat for Humanity also received a Housing Trust Fund loan for $300,000 for the development of infrastructure (water, sewer, streets and storm drainage) for 32 single-family homes in the Hope Crossing neighborhood in Oklahoma City.

# # #

Oklahoma Housing Finance Agency  
100 NW 63rd Street, Suite 200, Oklahoma City, OK 73116
Mailing Address:  P. O. Box 26720, Oklahoma City, OK 73126-0720
Tel: (405) 848-1144    Toll Free: (800) 256-1489    TDD: (405) 848-7471