Oklahoma Housing
Finance Agency Awards More Than $1 Million in American Dream Down
Payment Initiative Grants
OKLAHOMA CITY –
Oklahoma Housing Finance Agency’s Board of Trustees approved Home
Investment Partnerships Program (HOME) contracts to provide funding
for affordable housing in Oklahoma during its September meeting.
OHFA is a U.S. Department of Housing and Urban Development
designated state Participating Jurisdiction.
The following Oklahoma organizations received American Dream Down
Payment Initiative grants to provide low-income families in the
state with down payment and closing cost assistance:
• Community
Action Agency of Oklahoma City and Oklahoma/Canadian
Counties, Inc. received $200,000 to assist a minimum of 30 families
in Oklahoma and Canadian Counties. It also received an
administrative award of $8,000.
• Community Development Support Association received $99,900 to
assist a minimum of 20 families in Garfield and Grant Counties. It
also received an administrative award of $3,996.
• Deep Fork Community Action Foundation, Inc. received $100,000
to assist a minimum of 10 families in Hughes County. It also
received an administrative award of $4,000.
• Deep Fork Community Action Foundation, Inc. received $100,000
to assist a minimum of 20 families in McIntosh, Okfuskee and
Okmulgee Counties. It also received an administrative award of
$4,000.
• Ki Bois Community Action Foundation, Inc. received $187,500 to
assist a minimum of 25 families in Haskell, Latimer, Leflore and
Pittsburg Counties. It also received an administrative award of
$7,500.
• Northeast Oklahoma Community Action Agency, Inc. received
$192,000 to assist a minimum of 25 families in Craig, Delaware and
Ottawa Counties. It also received an administrative award of
$7,680.
• Opportunities, Inc. received $48,918 to assist a minimum of
nine families in Cimarron, Texas, Beaver, Harper, Woods, Alfalfa,
Woodward, Major, Ellis, Dewey, Custer, Blaine and Kingfisher
Counties. It also received an administrative award of $1,956.
• Washita Valley Community Action Council received $100,000 to
assist a minimum of 20 families in Grady County. It also received an
administrative award of $4,000.
ADDI promotes homeownership among minorities and low-income families
by providing them with the resources they need to meet upfront down
payment and closing costs, the most significant obstacle to
homeownership among these groups. Families with incomes of 80
percent or less of the area median income and who are first-time
homebuyers can receive up to six percent of the purchase price of a
single family housing unit or $10,000, whichever is greater.
HOME encourages local governments and nonprofit housing
organizations to build new homes, rehabilitate existing housing or
make structural home repairs. HOME is designed to encourage
partnerships to fund construction and rehabilitation of affordable
housing for low-income families, particularly in rural Oklahoma.
As Oklahoma’s largest provider of affordable housing, OHFA offers
nine housing programs ranging from “OHFA Advantage” for home
ownership to housing development and rental assistance. For more
information about OHFA and its programs and services, visit
www.ohfa.org.
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