OKC-Oklahoma implemented a state housing tax credit bill in 2014, SB 2128. This bill added $4,000,000 per year to the state allocation. The first round of applications for state and federal tax credits was due January 8, 2015. Early results show:
- 51 applications were received. Click here to view proposed site communities. [In 2014, the State received 33 applications in round 1 and 35 in round 2.]
- 33 of the applications (65%) submitted by out of state developers with the majority from Missouri (Click here for list of applicants)
- 18 (36%) of the applications are targeted to elderly
- $44,278,635 total funding request vying for $8,350,000
- 7 communities have multiple applications with Lawton coming in the highest at 5 applications! Next is Shawnee with 4, then Tulsa and Claremore with 3, and Davis, Hugo and Guthrie have 2 each.