Oklahoma § 74-2903.1 - Oklahoma Homebuilder Program
Full text of Oklahoma Oklahoma Statutes § 74-2903.1 — Oklahoma Homebuilder Program, with citation guidance and answers to common questions.
§ 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
Oklahoma Statutes - Title 74. State Government
how many single family housing units have been built to date, along
with other program information deemed relevant by OHFA.
Added by Laws 2023, 1st Ex. Sess., c. 22, § 2, eff. July 1, 2023.
Frequently Asked Questions About Oklahoma § 74-2903.1
What does Oklahoma Statutes § 74-2903.1 cover?
Section 74-2903.1 ("Oklahoma Homebuilder Program") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 74-2903.1?
A common citation format is "Oklahoma Statutes § 74-2903.1" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 74-2903.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.