Oklahoma Housing Finance Agency Awards $3.7 Million in Housing Tax Credits

 OKLAHOMA CITY - Oklahoma Housing Finance Agency’s Board of Trustees approved at its May 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.

• $376,616 reserved for Strategic Realty Advisors, Inc. for the acquisition and rehabilitation of a 46-unit apartment complex to be known as Big Five Ardmore Apartments in Ardmore.
   

• $270,908 reserved for Arzon Development Company, LLC for the acquisition and rehabilitation of a 60-unit apartment complex to be known as Jefferson Park Apartments in Blackwell.
   

• $451,153 reserved for Belmont Development Company, LLC for the acquisition and rehabilitation of a 96-unit apartment complex to be known as Garden Walk of Broken Bow I & II in Broken Bow.
   

• $500,000 reserved for Durant Housing Partners, LP for the construction of 37 single-family homes to be known as Stonebrook Park of Durant in Durant.
   

• $500,000 reserved for Zimmerman Properties, LLC for the construction of 48-unit apartment complex to be known as Roosevelt Park in Enid.
   

• $320,820 reserved for Carland Group, LLC for the construction of 17 duplexes (34 units) to be known as Cottage Park - Guthrie in Guthrie.
   

• $495,832 reserved for Carland Group, LLC for the construction of 21 duplexes (42 units) to be known as Cottage Park – Midwest City in Midwest City.
   

• $476,526 reserved for Volunteers of America National Services for the acquisition and rehabilitation of a 101-unit apartment building to be known as Southwoods Apartments in Oklahoma City.
   

• $271,679 reserved for Belmont Development Company, LLC for the acquisition and rehabilitation of a 56-unit apartment complex to be known as Cross Creek I & II in Oologah.
   

• $54,835 reserved for Arzon Development Company, LLC for the acquisition and rehabilitation of 24-unit apartment complex to be known as Stroud Senior Village in Stroud.

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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