Buildings and zoning; creating the Municipal Workforce Housing Development Grant Program Act. Effective date. Emergency.

SB 938 creates a state grant program to help Oklahoma municipalities increase workforce housing availability. Municipalities can apply for one-time grants by submitting a detailed "Plan for workforce housing" that assesses current housing supply, future needs, land use, and existing programs. The Oklahoma Housing Finance Agency will administer the program, requiring grantees to sign agreements with repayment terms if goals aren't met and provide quarterly reports on implementation. Funding comes from a new revolving fund in the State Treasury, supported by state appropriations and donations. This program directly affects cities and towns seeking to address housing needs for households earning 60-120% of local median income.