OHFA Awards $600,000 to Organizations Providing Down Payment Assistance
OKLAHOMA CITY – (RealEstateRama) — Oklahoma Housing Finance Agency’s Board of Trustees approved Home Investment Partnerships Program (HOME) contracts during its July meeting to provide funding for affordable housing in Oklahoma. OHFA is a U.S. Department of Housing and Urban Development designated state Participating Jurisdiction.
City of Midwest City received $200,000 to provide down payment assistance to 40 low-income homebuyers in Midwest City.
Community Action Agency of Oklahoma City & Oklahoma and Canadian Counties received $200,000 to provide down payment assistance to approximately 15 low-income homebuyers in Canadian & Oklahoma Counties (excluding Oklahoma City).
Neighborhood Housing Services of Oklahoma City, Inc. received $200,000 to provide down payment assistance to approximately 21 low-income homebuyers in Logan, Cleveland and Pottawatomie Counties.
Individuals interested in benefiting from these funds should contact the organizations directly.
HOME encourages local governments and nonprofit housing organizations to build new homes, rehabilitate existing housing or make structural home repairs. HOME is designed to encourage partnerships to fund construction and rehabilitation of affordable housing for low-income families, particularly in rural Oklahoma.
Oklahoma Housing Finance Agency celebrates its 40th year as Oklahoma’s largest provider of affordable housing. OHFA offers nine housing programs ranging from “OHFA Advantage” for home ownership to housing development and rental assistance. For more information about OHFA and its programs and services, visit www.ohfa.org.
# # #