Okla. Stat. tit. 74, § 74-2903.1: Oklahoma Homebuilder Program

The Oklahoma Homebuilder Program shall be administered by the

Oklahoma Housing Finance Agency (OHFA). The program shall create

more affordable single family housing units across the State of

Oklahoma. The program shall be a loan program for homebuilders at

interest rates as low as zero percent (0%), providing loans to build

single family housing units. The program shall fund both urban and

rural housing developments across the state. The program shall give

preference to applicants seeking to build homes in communities that

have been under a federally declared natural disaster within the

last twelve (12) months. Additionally, participants in this program

shall not be eligible for the Oklahoma Affordable Housing Tax Credit

as found in Section 2357.403 of Title 68 of the Oklahoma Statutes.

OHFA may promulgate rules to administer the Oklahoma Homebuilder

Program. OHFA shall provide a yearly report beginning July 1, 2024,

to the Governor, the Speaker of the Oklahoma House of

Representatives, the President Pro Tempore of the Oklahoma State

Senate, the House Appropriations and Budget Chair, and the Senate

Appropriations Chair detailing how many awards have been made and

how many single family housing units have been built to date, along

with other program information deemed relevant by OHFA.