Okla. Admin. Code § 330:80-1-1

Current through Vol. 42, No. 8, January 2, 2025

Section 330:80-1-1 - Purpose

The purpose of the Oklahoma Housing Stability Program ("OHSP") is to:

(1) Provide financing to Increase the number of Single-Family residences available for purchase across the State of Oklahoma for individuals and families by creation of the Oklahoma Homebuilder Program and the Homebuilder Revolving Fund.

(2) Provide gap financing to aid and incentivize the production of rental housing across the State of Oklahoma by creation of the Oklahoma Increased Housing Program and the Oklahoma Increased Housing Revolving Fund.

(3) Remove the barrier to homeownership for Oklahomans caused by the lack of available funds for down payment and closing costs associated with buying a home.

Okla. Admin. Code § 330:80-1-1

Adopted by Oklahoma Register, Volume 41, Issue 13, March 15, 2024, eff. 1/25/2024, exp. 9/14/2024 (Emergency)

Adopted by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024