Multifamily Bonds Extend Reach of Tax Credits

front view of the Page Woodson School, recently redeveloped into apartments

OHFA’s Multifamily Bond program provides developers access to tax-exempt bonds to finance affordable rental developments. The program has helped stretch every dollar further by reducing borrowing costs and unlocking federal tax credits so more Oklahomans can have a safe, affordable place to call home. Financing for an average of 900 additional units are allocated each year.