THE OKLAHOMA HOUSING STABILITY PROGRAM
The Oklahoma Housing Stability Program (HSP) provides 0% interest construction loans for the new construction of single-family homes and for single and multifamily rental housing.
Oklahoma Governor Kevin Stitt signed emergency rules for the program on January 25, 2024.
Housing Stability Program Fact Sheets
Application Materials
Development applications for the Oklahoma Housing Stability Program will be accepted beginning Monday, January 29.
Via a rigorous application process, the Oklahoma Housing Stability Program will grant loans to developers, facilitating the creation of new for-sale and rental homes throughout the state.
Oklahoma Homebuilder Program
The Oklahoma Homebuilder Program offers $100.7 million in available funds for the new construction of single-family homes for purchase.
Homebuilder Program Application
Homebuilder Program Application Excel Sheets
Oklahoma Department of Commerce Preference Site List
Metropolitan Statistical Area List by County
Oklahoma Increased Housing Program
The Oklahoma Increased Housing Program offers $63.55 million in available funds for the new construction of single and multifamily rental homes.
Increased Housing Program Application
Increased Housing Program Application Excel Sheets
Oklahoma Department of Commerce Preference Site List
Increased Housing Program Rent Limits - 2024
Metropolitan Statistical Area List by County
Applicants will receive points if their proposed development is located in one of these counties.
DEVELOPMENT APPLICATIONS UNDER REVIEW APPLICATION DUE DATES
Applications received by the due date will be considered at the next meeting of the Board of Trustees as indicated.
May 2024 Board Meeting Homebuilder Program Applications
May 2024 Board Meeting Increased Housing Program Applications
March 7
For Consideration May 15
May 16
for consideration july 24
July 25
for consideration September 18
September 19
for consideration November 20
November 21
for consideration January 2025
Additional Consumer Down Payment and Closing Cost Assistance
The Oklahoma Housing Stability Program will offer $40 million for Consumer Down Payment and Closing Cost Assistance. This program benefits individuals and families purchasing homes as their primary residence in Oklahoma. Grants of 5% of the total loan amount for down payment and closing costs will be made available to buyers purchasing homes produced by the Oklahoma Homebuilder Program.
Existing Down Payment and Closing Cost Assistance
OHFA Down Payment and Closing Cost Assistance
Contact Us for More Information
Darrell Beavers
Housing Development Director
[email protected]
Corey Bornemann
Housing Development Allocations Supervisor
[email protected]