Providing housing resources with an eagerness to serve.
Since opening its doors in 1976, the Oklahoma Housing Finance Agency has welcomed thousands into safe and affordable homes. Providing affordable housing is more than our mission, it’s our way of life. We are proud of the work we do.
The Agency is a non-profit, tax exempt entity, with the State of Oklahoma as the beneficiary of the Trust.
With only 12 district field agents, OHFA’s work began in 1976. These individuals worked across the state to implement the program now known as the Housing Choice Voucher Program. Also known as Section 8, this program assists the elderly, persons with disabilities and other participants to live in safe, quality homes by paying a portion of their rent.
Qualified individuals receiving Housing Choice Vouchers may choose to participate in the Family Self-Sufficiency program. Participants sign a 5-year contract that details their plan to achieve self-sufficiency and with the help of OHFA’s FSS specialists, achieve goals that will allow them to increase their earned income and reduce dependency on public assistance.
OHFA also serves as the Performance Based Contract Administrator for the U.S. Department of Housing and Urban Development (HUD). OHFA oversees Housing and Urban Development (HUD) contracts for 169 properties statewide, providing housing assistance payments to owners for more than 12,700 families who live in Project-Based Section 8 apartments. OHFA ensures the property owners comply with HUD regulations to provide affordable housing for eligible families.
OHFA administers several programs designed to help developers build or rehabilitate affordable housing in communities across the state.
Housing Development Programs include:
OHFA’s rental programs open doors to safe and affordable housing.
OHFA provides funding sources for all types of affordable housing across the state.
Down Payment Assistance
One of the biggest impediments to homeownership is lack of upfront funds for a down payment. The OHFA Homebuyer Downpayment Assistance program bridges that gap with 3.5% or 4% down payment assistance at closing.
Buyers work with an extensive network of lenders to qualify. Additionally, OHFA’s more than 600 certified Blue Ribbon Realtors help lead the way.
Through the Housing Opportunities for Persons with AIDS program, OHFA provides funding to two Oklahoma non-profit organizations to fulfill the housing needs of individuals with HIV or AIDS.
With the Richard S. Lillard Emergency Housing Assistance Fund, OHFA may assist affected Oklahomans to secure immediate shelter following a natural disaster.
Home buyers may qualify to purchase homes with OHFA Homebuyer Down Payment Assistance in all 77 counties.
HOPWA and OHFA’s disaster fund help provide housing relief when it is needed most.