For the first cycle of 2014 OHFA’s Low Income Housing Tax Credit program received 32 rental housing applications. The OHFA Trustees will consider staff recommendations at their upcoming board meeting on May 21. For details, visit OHFA here,
http://ohfablog.org/may-21-2014-board-trustees-agenda-exhibits/
Here are staff recommendations as of 5.21.14:
- 6 (19%) applicants withdrew
- 4 (13%) failed threshold
- 8 (25%) recommended for funding (6 new construction and 2 acquisition/rehab; communities Ponca City, Shawnee, Sapulpa, Guymon, Pauls Valley, Madill, Muldrow, and OKC)
- 14 (43%) insufficient funds with scores 123 (7 apps) and below (7 apps).
[The above figures are staff recommendations only. Final decisions are at the discretion of the OHFA Trustees.]
Questions or inquiries about the Tax Credit Program, contact Darrell Beavers at darrell.beavers@ohfa.org.