Additional Down Payment Assistance Available
Homebuyers purchasing homes built through the Oklahoma Housing Stability Program may utilize an additional 5% in down payment assistance.
OKLAHOMA CITY— At its Nov. 19 meeting, the Oklahoma Housing Finance Agency Board of Trustees voted to award construction loans to two entities as part of the HSP Oklahoma Homebuilder Program. Once constructed, the resulting single-family homes will be available for purchase.
Trustees awarded $7.2 million to the following entities for new construction during this round:
- Chess Development, LLC - 23 houses in Guthrie, Logan County
- Summit Residential Builders, LLC - seven houses in Echelon Estates in Oklahoma City, Oklahoma County
Buyers of these houses can take advantage of an additional 5% down payment assistance from OHFA.
The Oklahoma Increased Housing Program provides for the new construction of multifamily rental units. Trustees awarded $7.2 million to the following entities:
- Development of NE Oklahoma II, LLC - 25 units in Sallisaw, Sequoyah County
- Development of NE Oklahoma III, LLC - 25 units in Sallisaw, Sequoyah County
- Helm Rental Properties, 16 units in Stilwell, Adair Counties
Future loan awards for the program will be considered at each of OHFA's board meetings. The next meeting is slated for January 21, 2026.
For more information about the Oklahoma Housing Stability Program, visit ohfa.org/housingstability.
