Visit the Homebuyers section of the OHFA website to learn how down payment and closing cost assistance helps make homeownership affordable.
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Our Mission: To provide housing resources with an eagerness to serve.
Our Vision: To be the premier housing agency in the Nation.
Our Core Values: Integrity, Teamwork, Excellent Service, Leadership, and Respect
Letter from the Executive Director
Earlier this year, Oklahoma Housing Finance Agency team members returned to our newly remodeled home at the corner of N.W. 63rd and the Broadway Extension. For the first time in nearly two years, we are all under the same roof - collaborating and working together for a singular goal: creating housing opportunities for the residents of the State of Oklahoma.
Beginning in July, we traveled the state, gaining public insight and feedback regarding the Oklahoma State Legislature-approved $215 million Oklahoma Housing Stability Program. While each community has different housing needs, we heard the same feedback time and time again. Oklahoma needs more homes for residents all across the state.
Since OHFA first opened its doors in 1976, our team has worked diligently to open doors to homes in Oklahoma. This is our OklaHOME.
Deborah Jenkins
OHFA Executive Director
Our Year in Review
Meet Some OHFA Homebuyers
Since 1980, the Oklahoma Housing Finance Agency has offered down payment and closing cost assistance through the issuance of Mortgage Revenue Bonds.
OHFA offers homeownership opportunities
BROOKE
First-Time Homebuyer
Down Payment & Closing Cost Assistance
JOHNNIE & CRYSTAL Lease to Purchase Affordable Housing Tax Credits
BRIANA
First-Time Homebuyer
HOME Investment Partnerships Program
LISA First-Time Homebuyer Family Self-Sufficiency Program
Homeownership Programs
Down Payment & Closing Cost Assistance
BLOC Realty partners with AMC Mortgage to host Homebuyer Readiness Events.
Homebuyer Readiness Events Lead to Homeownership
Jerrica & James, First Time Homebuyers
"With down payment assistance, we didn't have to wait to buy a house. It was something we could do right now."
Brooke, a licensed Realtor, used her real estate expertise to draft the documents needed to purchase her first home.
Recent College Graduate Purchases Home with Help of OHFA Down Payment Assistance
Brooke can count a lot of roles as part of her resume - college graduate, cosmetologist, and Realtor. Her first closed deal as a Realtor came as close to home as you can get - it was her own.
After graduating college, Brooke found herself in the familiar rite of passage of determining where she would live after leaving college life behind. Ultimately she determined that purchasing a home, rather than renting, made the most sense.
Using OHFA's down payment and closing cost assistance left room in Brooke's budget for other expenses related to homeownership such as repairs and furniture purchases.
She shares a spacious two-bedroom, two-bath duplex with a roommate. Since becoming a homeowner, Brooke has been busy adding her personal style and touches that make it feel like home.
Oklahoma Housing Finance Agency's 2023 Leading Light Lending Partner award recipients include, from left, Shannon Kurtz and Yahaira Velasco, AMC/Associated Mortgage Corp.; Alba Santiago, Gateway Mortgage Group; Barb Yeary, Stride Bank; Cheyenne Buckley and Chelsea Stanford, Great Plains National Bank; and Darren Vittitow, First United Bank & Trust.
2023 Leading Light Lenders
Leading Light Lending Partners opened the doors to 831 of OHFA's 2,348 homebuyers in 2023.
Leading Light Lending Partners include:
First United Bank & Trust, 242 homeowners
Associated Mortgage Corporation (AMC), 215 homeowners
Gateway Mortgage Group, 136 homeowners
Great Plains National Bank, Oklahoma City - 124 homeowners
Stride Bank, 114 homeowners
Coming up with the money for the down payment and closing costs often gets in the way of buying a house. OHFA Homebuyer Down Payment and Closing Cost Assistance helps eliminate this barrier.
Program Impact
Buyers who purchased a home with the help of OHFA down payment and closing cost assistance
Oklahoma Realtors attended OHFA's continuing education course, becoming Blue Ribbon Realtors
$
Average purchase price of homes purchased with an OHFA loan product
+
Mortgage professionals attended a webinar to learn about program updates
$
in home loans financed in 2022 through OHFA's Single Family Loan Program
Homebuyers utilized OHFA's special loan rates for teachers, firefighters, law enforcement, EMT, and state employees
Learn More About Down Payment and Closing Cost Assistance
Homeowner Assistance Fund
Sherry, Homeowner Assistance Fund Grantee
The Homeowner Assistance Fund was exactly what we needed. We were strapped and this program was a godsend.
OHFA launched the Oklahoma Homeowner Assistance Fund (HAF) in early January 2022, one of the first states to open its portal to residents. HAF helps to ease the burden felt by Oklahomans financially impacted by the pandemic.
Program Impact - 2023 (As of Nov. 30, 2023)
Homeowners assisted through the Homeowner Assistance Fund
Homes saved from foreclosure
$ million
Mortgage payments made on behalf of Oklahoma homeowners
$ million
Mortgage reinstatement or payment on deferred balance
$
HUD housing counseling
$
payments made to reinstate property insurance
$
payments made to reinstate Homeowners Association dues
$ million
Total program impact in 2023
Learn More About the Oklahoma Homeowner Assistance Fund
Visit the Homeowner Assistance Fund section of the OHFA website to learn more about how this program helps save the homes of Oklahoma homeowners impacted by COVID-19.
Rental Assistance Programs
Family Self-Sufficiency
Jaya, Housing Choice Voucher Homeowner
Owning a home is the American Dream. It has been my dream and now I can say 'this is my house!'
Northwind Estates in Tulsa Offers Safe, Comfortable Living for Tulsa Seniors
For more than 24 years, Jack Howell has served his hometown of Tulsa as a field agent for OHFA's Housing Choice Voucher rental assistance program. In this role, Jack performs inspections and enrolls participants in the program.
Since it opened about a decade ago, Northwind Estates, located at 3355 N. Martin Luther King Jr. Blvd. in Tulsa, has become a frequent stop for Jack. Built using OHFA's Affordable Housing Tax Credits, Northwind Estates provides affordable apartments to senior citizens. About half of the community's residents receive Housing Choice Vouchers to help pay their rent.
Property manager Trish Gardner and her staff members strive to create a welcoming, safe environment for residents. This includes offering housekeeping tips, conducting quarterly inspections, and daily drives through the property to ensure items are in working order. Such attention to detail means a lot to residents like Luke, Bernard, and Mary.
"I haven't had any problems. It's just like home to me," said Luke, a resident who proudly shared he's approaching his 96th birthday. Luke moved to Northwind Estates 12 years ago and enjoys living in the close-knit community.
Bernard moved to Northwind Estates 7 years ago. "I needed a place for me and my wife since the kids are gone," he shared. "The staff here is wonderful. They do the best possible job they could."
Prior to the opening of Northwind Estates, there was a lack of affordable housing in the immediate area. The need is still so great that the property maintains a lengthy waiting list, Trish shared.
By accepting the Housing Choice Voucher, Northwind Estates fulfills a great need for residents.
"People need a nice, clean, quiet place to live," said Trish. "If we can fill that gap, we are more than happy to do it."
For Jack, letting a resident know that OHFA will be helping them pay rent is a highlight of his day.
"When I sign a contract to help someone with their rent and tell them their portion they will be paying, their face lights up," Jack said.
Northwind Estates provides affordable apartments to senior citizens. About half of the community's residents receive Housing Choice Vouchers to help pay their rent.
Lisa or Summerlin FSS
Summerlin, a graduate of OHFA's Family Self-Sufficiency Program, accepts her escrow check at the September 2023 meeting of the OHFA Board of Trustees. She is joined by OHFA Family Self-Sufficiency specialist Ryland Moore, right.
OHFA's Housing Choice Voucher and Performance Based Contract Administration programs provide rental assistance to low-income families, including those with disabilities or who are at great risk of homelessness. Through the newly launched Emergency Housing Voucher Program, OHFA worked with participating organizations across the state to offer emergency vouchers to families in crisis.
Rental Programs Impact
Families assisted with Housing Choice Voucher rental assistance each month
Participants completed requirements for the Family Self-Sufficiency Program, achieving personal and financial goals
Average number of families in crisis who received Emergency Housing Vouchers each month
$
Average amount of rental assistance provided on behalf of Oklahoma families each month
$
Average amount of rental assistance provided to households participating in the Emergency Housing Voucher program
Families assisted with rental assistance at 167 Performance Based Contract Administration properties
$ million
Spent on rental assistance on behalf of residents living in Performance Based Contract Administration properties
Rent adjustments completed by OHFA Performance Based Contract Administration staff members
Properties in OHFA's Performance Based Contract Administration portfolio
Tenant issue follow ups completed bu Performance Based Contract Administration staff members
Management Occupancy Reports conducted by Performance Based Contract Administration staff members
Learn More About OHFA's Rental Assistance Programs
Visit the Renters/Owners section of the OHFA website to discover how rental assistance programs help low-income families across the state.
Housing Development Programs
Tax Credits & Multifamily Bonds
The Curve opens in Moore 10 years after devastating tornado
Ten years after an F5 tornado ripped through The City of Moore, OHFA helped cut the ribbon at the grand opening of The Curve.
OHFA provided $1.3 million in federal Affordable Housing Tax Credits and $25 million in Multifamily Bonds for the new construction of The Curve. Located just north of S.W. 19th Street and west of Telephone Road in Moore, the development features 240 apartment units.
Amenities include storm shelters, washers and dryers in each unit, ceiling fans, and Energy Star appliances. The brand-new Curve Park connects to nearby Little River Park.
The Curve occupies land devastated by the May 20, 2013 tornado, where the Royal Park Mobile Home community once stood.
The City of Moore, Oklahoma - Municipal Government also received Community Development Block Grant-Disaster Recovery (CDBG-DR) funds from the U.S. Department of Housing and Urban Development to make this community possible.
The Curve Apartments in Moore occupies land devastated by an F5 tornado in 2013. It features both market-rate and Tax Credit-funded units.
Multifamily Bonds and Tax Credits
The Village at A New Leaf
"I like it here. It's peaceful and quiet and I can do things on my own," said Judy, a resident at The Village at a New Leaf.
The Village at a New Leaf Empowers Residents with Developmental Disabilities
Individuals with developmental disabilities often face more difficulty when it comes to finding employment and safe places to live. A New Leaf, an Owasso non-profit organization, encourages participants to "grow, bloom, and thrive" through its services designed to foster independence.
"We wanted to build low-income housing for people with disabilities because most of them are in a life of poverty," said Mary C. Ogle, CEO for A New Leaf.
OHFA awarded $325,000 in federal housing tax credits and $7 million in tax-exempt bonds to construct 62 rental units for participants in A New Leaf's programs. As an "agrihood," The Village integrates agriculture and residential living.
The new community means residents can move into a life of independence, surrounded by the support and services they need.
"If you are a person with a disability, you end up living with family your whole life. Now they can move into The Village and be independent and make their own choices. It has been life-altering," said Mary.
Judy, one of the first residents to move into The Village, enjoys her spacious, quiet apartment. She's surrounded by support staff who can assist her as needed. There's also plenty of space to walk her dog, Chloe.
"My apartment is a lot bigger than the one I used to live in," said Judy. "I like to do things on my own but I have staff to help me and my dog is happy."
The Village at a New Leaf offers supportive living for individuals with developmental disabilities.
Housing Development programs administered by OHFA help finance the construction and revitalization of affordable housing. This increases the stock of available rental and for-sale units in communities across the state.
Housing Development Programs Impact
Housing units funded through Housing Development programs
Oklahomans reside in affordable housing units created by OHFA Housing Development programs
$ million
Housing Development allocations and awards across all programs
Households receive assistance through the Housing Opportunities for Persons with AIDS program
File reviews completed by compliance specialists
Learn More About OHFA's Housing Development Programs
Visit the Developer Financing section of the OHFA website to discover how housing development programs finance the construction and rehabilitation of Oklahoma's affordable housing stock.
Learn More About OHFA
Visit the OHFA website to learn more about Oklahoma Housing Finance Agency and its programs.
Board of Trustees
Michael Buhl, Chair
Scott McLaws, Vice Chair
Heath Collins, Secretary-Treasurer
Ann Felton Gilliland, Member
Roger Beverage, Member
Joi Love, Resident Board Member
Members of OHFA's Board of Trustees include from left, Roger Beverage, member; Heath Collins, secretary-treasurer; Scott McLaws, vice-chair; Ann Felton Gilliland, member; and Michael Buhl, chair. Not pictured: Joi Love, resident board member.
Leadership Team:
Deborah Jenkins, Executive Director
Kurt Fite, Deputy Executive Director/CFO
Darrell Beavers, Housing Development Programs Director
Valenthia Doolin, Homeownership Programs Director
Tim Shackelford, Rental Programs Director
Tamara Steele, Human Resources Director
OHFA's Leadership Team includes, from left: Kurt Fite, CFO/Deputy Executive Director; Tamara Steele, Human Resources Director; Darrell Beavers, Housing Development Programs Director; Valenthia Doolin, Homeownership Programs Director; Deborah Jenkins, Executive Director; and Tim Shackelford, Rental Programs Director.
Financial Statements
The Oklahoma Housing Finance Agency shares its financial standing through the release of audited financial statements.