INVITATION TO PUBLIC INPUT SESSIONS FOR 2012 HOME PROGRAM CONSOLIDATED PLAN/ACTION PLAN

INVITATION TO PUBLIC INPUT SESSIONS FOR 2012 HOME PROGRAM CONSOLIDATED PLAN/ACTION PLAN OHFA invites the public to attend the following informal public input sessions regarding its 2012 Action Plan for the Home Investment Partnerships Program (HOME): ● August 3, 2011 at 1:30 p.m. Will Rogers Room at OHFA office 100 N.W. 63rd St., Ste. 200 [...]

Oklahoma Housing Study 2010

In its 2010 Housing Affordability Study, the Oklahoma Housing Finance Agency reports that despite a recent increase in the minimum wage, many working Oklahomans still struggle to pay rent or make mortgage payments. Just like in 2008, the last time OHFA conducted the study, most affected by the disparity are those working in food service and [...]

Demand for 2010 HOME Funds Exceed Homebuyer/Rental Set Aside

In the first round of 2010 HOME funds, 13 organizations submitted 22 applications to the Oklahoma Housing Finance Agency. Requests for Homebuyer/Rental dollars totaled $3,776,084 exceeding the estimated set aside for the activity by $1.8 million. Six applicants requested $300,000, almost half, of the Community Housing Development Organization Operating set aside funds. One applicant requested [...]

Incentive to Promote Green Affordable Housing

In this issue of Breakthroughs (a HUD funded publication) you’ll read about incentives to promote green affordable housing and transforming vacant school buildings into low-income housing for seniors. Click here: http://www.huduser.org/portal/rbc/newsletter/vol9iss1_1.html

Regulatory Impact Analysis for the Housing Trust Fund

The Housing and Economic Recovery Act of 2008 established the Housing Trust Fund (HTF) to provide grants to states to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families, and to increase homeownership for extremely low- and very low-income families. In addition to administering the Housing [...]

Comments Accepted on Oklahoma 2010 HOME Program App and Notice of Workshop

Oklahoma Housing Finance Agency released the 2010 HOME Program Application Packet for comment. Download your copy from their website, www.ohfa.org (on the home page under “What’s New at OHFA.”). Timelines and information follow. Application    Workshop Why: Public comment, in writing or by email, on the draft of the 2010 HOME Application. When: Friday, January 22, [...]

Report on the Tax Credit Assistance Program and Housing Credit Exchange Program

“The Disruption of the Low-Income Housing Tax Credit Program: Causes, Consequences, Responses, and Proposed Correctives” a report from the Joint Center for Housing Studies at Harvard University examines the state of the Housing Credit equity market and the experience to date with the Tax Credit Assistance Program (TCAP) and the Housing Credit Exchange Program. The [...]

Just In… HUD Releases Revised Booklet to Assist You in Buying a Home

Get educated about buying a home. Click here (http://bit.ly/RESPAHandbook) for HUD’s revised special information booklet (Booklet) designed to assist individuals seeking to buy a home to become familiar with the home-buying process. Get information: regarding the purchase contract, interest rates, points, balloon payments, prepayment penalties and how they can affect mortgage payments how to use [...]

Oklahoma Housing Finance Agency Public Hearing on Tax Credit Rules

OHFA Staff will be conducting a Public Hearing for Rule changes on Wednesday, January 6, 2010. The hearing will be at 1:00 p.m. The session will be held at OHFA’s offices, 100 NW 63rd, Oklahoma City. The purpose of the public hearing is to discuss the proposed changes for the Permanent 2010, and Permanent 2011 [...]

HUD’s Proposed Rules for Housing Trust Fund Allocation Formula

SUMMARY: The Housing and Economic Recovery Act of 2008 establishes a Housing Trust Fund to be administered by HUD. The purpose of the fund is to provide grants to States to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families, and to increase homeownership for extremely [...]