On September 24th, Trustees of the Oklahoma Housing Finance Agency approved:
2015 Tax Credit Documents:
Addl changes
2015 Summary of Major Changes #3 for Board
2015 Tax Credit Applicatin Instructions – Draft 3 – Final Proposed
2015 Tax Credit Application Form – Draft 3 – Final Proposed
HOME Funding:
Twelve projects received HOME awards; 2 to community housing development organizations and 10 to developers for projects financed with tax credits. According to the handout, Exhibit B, HOME funds remain in the amount of $228,499.16 of which $86,695 is in the CHDO operating assistance set aside.
Good news! OHFA added veterans or youth aging out of foster care to Tenant Targeted Populations, as well as, homeless or persons with mental or physical disabilities. Projects committing 10% of their units to these groups will receive 5 points in the application process.