NOTICE OF PUBLIC HEARING
The Oklahoma Housing Finance Agency (“OHFA”) is empowered under the Oklahoma Public Trust Act, Title 60 Oklahoma Statutes 2021, Sections 176 et seq., as amended, and pursuant to the Trust Indenture dated as of May 1, 1975 (as amended and restated in a Second Amended Trust Indenture dated as of November 4, 1986, and amended and restated by the Third Amended Trust Indenture having the effective date of August 19, 2002), to issue mortgage revenue bonds for the purpose of funding single family home mortgage loans and homebuyers’ assistance to eligible borrowers of low and moderate income purchasing eligible residences within Oklahoma (the “State”).
OHFA is considering the issuance pursuant to a plan of finance of not to exceed $310,000,000 in aggregate principal amount of tax-exempt mortgage revenue bonds, notes or similar forms of indebtedness (the “Bonds”) as a part of its 2023 single family housing loan program (the “Program”). The Bonds, a portion of which may refund certain outstanding bonds of OHFA, will be issued for the purpose of making funds available for home loans and homebuyers’ assistance to eligible persons or families of low to moderate income under the Program. It is the intention of OHFA to issue the Bonds pursuant to one or more indentures of trust, in one or more series and as one or more issues. The Bonds, including any remarketing or refunding thereof, are being issued as part of a common plan of financing of OHFA.
Pursuant to Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), OHFA will hold a hearing to be conducted by an authorized employee of OHFA. The public hearing will be convened on December 19, 2022 at 9:30 a.m., in the Conference Room on the first floor of the East Tower of Oil Center Office Complex at the temporary offices of OHFA located at 2601 NW Expressway, Oklahoma City, Oklahoma 73112, for the purpose of determining whether OHFA should issue not to exceed $310,000,000 in aggregate principal amount of Bonds in furtherance of the Program. The monies made available by reason of the issuance of the Bonds together with other available funds will be used to make mortgage loans and to provide homebuyers’ assistance to eligible low and moderate income persons and families purchasing eligible residences throughout the State. Interested members of the public are invited to attend the hearing and will be given the opportunity to ask questions or to make a brief statement regarding the proposed bond issuance and the plan of financing. At or prior to the above hearing time, written comments may be emailed, mailed or delivered to the attention of Valenthia Doolin of OHFA at [email protected], P.O. Box 2670, Oklahoma City, Oklahoma 73126-0720 to arrive prior to said hearing.