November 16, 2011
Oklahoma Housing Finance Agency Awards Housing Trust Fund Loan to Build Up to 20 Affordable Single-family Homes in Cherokee County
OKLAHOMA CITY — Oklahoma Housing Finance Agency approved a Housing Trust Fund loan not to exceed $500,000 during its November Board of Trustees meeting for SAS Construction, LLC to build up to 20 single-family homes in Cherokee County. The term for the loan will be 18 months at a one percent interest rate.
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.
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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