OKLAHOMA HOUSING
STABILITY PROGRAM 

THE OKLAHOMA HOUSING STABILITY PROGRAM

The Oklahoma Housing Stability Program (HSP) provides development 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

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

Applicants will receive points if their proposed development is located in one of these counties.

DEVELOPMENT APPLICATION DUE DATES

Applications received by the due date will be considered at the next meeting of the Board of Trustees as indicated.

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

 

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