Oklahoma Housing Finance Agency’s board of trustees approved more than $1.77 million in HOME Investment Partnerships Program grants at its Sept. 22 meeting. Low-to-moderate income homebuyers and renters will benefit from the developments.
- Broken Bow Housing Authority, East Side Housing –new construction and acquisition/rehabilitation of six rental units in Broken Bow, McCurtain County
- Midwest Housing Initiatives, Wildwood II – new construction of four single family rental homes in Sayre, Beckham County
- Native American Housing Services, Inc. – new construction of one single family home for a homebuyer in Harrah, Oklahoma County
- Deep Fork Community Action Foundation, Inc. – acquisition and rehabilitation of two single family homes for rent in McIntosh County
In addition to a development award, Deep Fork CAF received a Community Housing Development Organization (CHDO) operating award.
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 the construction and rehabilitation of affordable housing for low-income families, particularly in rural Oklahoma.
Trustees also awarded a total of $6.1 million to four developments through the National Housing Trust Fund (NHTF).
- Broken Bow Housing Authority, East Side Housing – new construction and acquisition/rehabilitation of nine rental units in Broken Bow, McCurtain County
- Express Development, Inc., Country Club Estates – new construction of nine rental units in Duncan, Stephens County
- Express Development, Inc., Portland Place – new construction of nine rental units in Oklahoma City, Oklahoma County
- West Park, Phase III – new construction of 12 units In Tulsa, Tulsa County
The NHTF supplements existing federal, state and local efforts that increase and preserve the supply of affordable housing. Individuals who are low and very low-income, including homeless families, benefit from NHTF developments.