- Property Owners & Managers
- About OHFA
Providing Housing Resources With an Eagerness to Serve
The purpose of the Oklahoma Affordable Housing Tax Credit (AHTC). Also known as Low Income Housing Tax Credit (LIHTC) Program is to expand the supply of new affordable rental units and rehabilitate existing rental housing for Qualifying Households by stimulating private investment.
2. Substantial Rehabilitation
3. New Construction
Background is in order for our recent action of increasing the location points from 7 to 10 between the input session and the final draft of the QAP.
The change in location points from 7 to 10 was precipitated by a suggestion from a developer that, while only a max of 7 points are given, it is possible for a development to meet all four areas of scoring criteria, of which add up to 10 points. The theory was to simply raise the bar, so we did.
Since that action, we have received several comments that by doing so there is the potential to inadvertently drive developments to locations where there is a lesser need for housing. Believing there might be some merit to that observation, we have decided to move back to a maximum of 7 points while we study the issue further.
For 2020, there are two Funding Periods for which Applications will be accepted. The deadline for Funding Period One occurred in January.
The submission deadline for Funding Period Two was Thursday, June 25, 2020.
The 4% Tax Credit Rate for the second funding period of 2020 is 3.12%.
For information on OHFA's Qualified Contract Process or Transfers contact Staff.
OHFA currently has 3 Developments under Qualified Contract. Please see the table below and contact either Doug Childers at (404) 942-3187, or Michael Fox at (404) 942-2216 with Jones Lang LaSalle Americas, Inc. for more information.
|Qualified Contract Properties|
|File #||Name of Development||Development Address||Sales Price|
|03-12-43||Chapel Ridge of Tinker||5707 SE 48th St.
Oklahoma City, OK 73135
|03-07-22||Chapel Ridge of Yukon||11501 SW 15th St.
Yukon, OK 73099
|03-07-21||Crown Ridge of Edmond||2500 Thomas Dr.
Edmond, OK 73003