Oklahoma Housing Finance Agency’s board of trustees approved more than $2.65 million in HOME Investment Partnerships Program grants at its Sept. 21 meeting.
Low-to-moderate income homebuyers and renters will ultimately benefit from the grants. Awardees include:
- Community Development Support Association Inc. - rehabilitation of eight units of multifamily rental housing in Enid, Garfield County
- Merak Development, LLC - new construction of 50 multifamily rental units in Choctaw, Oklahoma County
- Native American Housing Services, Inc. – new construction of two single family homes for homebuyers in Harrah, Oklahoma County
- Great Plains Improvement Foundation, Inc. - new construction of two units of multifamily rental housing in Geronimo, Comanche County
- Muskogee County Community Action Foundation, Inc. - acquisition and rehabilitation of two single family rental units in Muskogee County
In addition to development awards, Community Development Support Association, Inc., Great Plains Improvement Foundation, Inc., and Muskogee County Community Action Foundation, Inc. received Community Housing Development Organization (CHDO) operating awards.
The City of Midwest City received a grant to provide down payment assistance to 25 homebuyers.
HOME encourages local governments and nonprofit housing organizations to build new homes, rehabilitate existing housing, or make structural home repairs. HOME is designed to encourage partnerships to fund the construction and rehabilitation of affordable housing for low-income families, particularly in rural Oklahoma.
Trustees also awarded $9.8 million to developments through the National Housing Trust Fund (NHTF). The following developers received funding:
- Mental Health Association in Tulsa, multifamily acquisition and rehabilitation of the Terrace View Apartments in Tulsa, Tulsa County
- Pioneer Place Apartments, LLC - multifamily acquisition and rehabilitation of Golf Course Studios in Tulsa, Tulsa County
The following developments also received awards, contingent on the future allocation of Affordable Housing Tax Credits:
- Rainbow H.I.L. Affordable LP – multifamily acquisition and rehabilitation of the Rainbow HIL Apartments in Oklahoma City, Oklahoma County
- Domera Development, LLC - multifamily new construction of the Avalon at Oklahoma City, Oklahoma County
- Oklahoma City Senior Housing III, LP - multifamily new construction of Mustang Creek Estates in Yukon, Canadian County
- Merak Development - multifamily new construction of the Villas at Choctaw Creek in Choctaw, Oklahoma County
- Affordable Housing Property Solutions, Inc. - multifamily acquisition and rehabilitation of Pioneer Plaza in Tulsa, Tulsa County
The NHTF supplements existing federal, state and local efforts that increase and preserve the supply of affordable housing. Individuals who are low and very low-income, including homeless families, benefit from NHTF developments.
