Housing Development Team
Keys to Affordable Housing
HOME Program
Overview

2009 HOME Application Final Version

 

NOTICE TO POTENTIAL HOME PROGRAM APPLICANTS

As of September 17, 2009, only $106,500 remained in the Homeownership/Rental Set-Aside, and OHFA has no other 2009 HOME Program funds available except for a small balance of CHDO Operating Assistance funds.  OHFA currently has six applications pending consideration at the November meeting of the OHFA Board of Trustees, requesting a total of $1,445,904 in HOME funds.  Funding any one of the six applications would exhaust the remaining funds. OHFA Staff is relatively certain that no HOME funds will remain for new applicants at future Board meetings.  (The application deadline for the November Board meeting was August 14, 2009.) 

Therefore OHFA is immediately suspending acceptance of any HOME Program applications, except for applications for CHDO Operating Assistance.  This action is taken pursuant to the State of Oklahoma Consolidated Plan, the 2009 HOME Program Action Plan, OS 330:55, and the 2009 HOME Program Application Instructions.  Should funds become available, OHFA will immediately give notice to all potential applicants that it is once again accepting applications.


The HOME Investment Partnerships program is committed to provide quality, affordable housing and to alleviate the problems of excessive rent burdens, homelessness and deteriorating housing stock. States are automatically eligible for HOME allocations and receive either their formula allocation or $3 million, whichever is greater. Oklahoma's allocation has been in excess of $12 million. Oklahoma Housing Finance Agency is the U.S. Housing and Urban Development  designated State HOME Participating Jurisdiction. The cities of Oklahoma City, Lawton, Norman and Tulsa Consortium are also designated PJs and receive direct annual allocations of HOME Program funds.

HOME funds are used to
Administer the HOME program
Provide development costs
Provide assistance for home purchase or rehabilitation
Assist low income renters

HOME funded projects must meet certain requirements regarding
Family income limits
Rent restrictions
Affordability period
HUD property value limits
Property standards
Matching requirements

Eligible applicants include
Non-profit organizations
Units of local governments
Indian tribes
Political subdivisions
CHDOs

 

221(d)(3)(ii) Limits
Application Materials
Home Rehab Lottery Winners
HUD HOME Program Primer
ADDI Guidance
Rent Limits
Income Limits
Utility Charts
Forms
Oklahoma CHDOs
Technical Assistance
Training Opportunities
Environmental Review Manual

Contractor Referral Form