OKLAHOMA CITY - Gov. Kevin Stitt approved emergency rules for the Housing Stability Program (HSP), Jan. 25. The Oklahoma Housing Finance Agency (OHFA) will begin accepting applications for the new program Mon., Jan. 29.
The HSP, created by legislation authored by Rep. Kevin Wallace and Sen. Chuck Hall, provides $215 million to fund the construction of new single-family homes for purchase and for single and multifamily rental homes. It also offers down payment and closing cost assistance for homebuyers who purchase homes produced by the Oklahoma Homebuilder Program.
“With the approval of the emergency rules, Governor Stitt demonstrates his profound understanding of the housing issues faced by Oklahomans and his commitment to addressing the housing shortage in rural and urban communities throughout the state,” said Mike Buhl, chairman of the OHFA Board of Trustees.
Visit ohfa.org/housingstability for application details.