HB 1823: Oklahoma Housing Finance Agency; defining term; mandating certain publication; requiring certain actions prior to certain changes; effective date. - Oklahoma

Floor (House) → Floor (Senate) · 3 edits

MINOR

The bill was updated to reflect its progression from the House to the Senate floor, changing the title from 'Committee Substitute' to 'Senate Floor Version' and updating the legislative session date to April 21, 2026. The most significant substantive change is the replacement of the House's 'emergency' clause with a specific effective date of November 1, 2026, which removes the immediate retroactive force of the law while retaining all policy provisions regarding HOME fund administration, rulemaking transparency, and nonprofit preferences.

Scope change

The bill's scope remains focused on the Oklahoma Housing Finance Agency's administration of federal HOME funds, but the applicability timeline has shifted from an immediate emergency enactment to a fixed future date.

TIMELINE

The 'emergency' provision requiring immediate effect was replaced with a specific effective date of November 1, 2026.

TECHNICAL

The document header was updated to reflect the Senate Floor Version and the specific date of April 21, 2026.

The committee report attribution was changed from the Committee on Rules to the Committee on Economic Development, Workforce and Tourism.

Senate Committee Substitute for House Bill → Floor (House) · 6 edits

MODERATE

The bill was updated from a Committee Substitute version to the House Floor version, incorporating substantive policy changes to the Oklahoma Housing Finance Agency's (OHFA) administration of HOME funds. The new version clarifies definitions, restricts OHFA's ability to impose stricter rules than federal law without public input, and establishes specific participant rights regarding fees and penalties.

Scope change

The bill's scope expanded to explicitly include 'program income' in the definition of HOME funds and added new protections for eligible entities, such as guaranteed developer fees and the right to use third-party guarantors.

DEFINITION

The definition of 'HOME funds' was broadened to explicitly include 'related program income' disbursed to the state, whereas the previous version focused primarily on allocations.

REQUIREMENT

New requirements mandate that OHFA provide at least 60 days' public notice for changes to eligibility or standards, and establish a guaranteed minimum developer fee of 15% with a 10% drawdown for overhead.

The rulemaking process was modified to require publication in the Oklahoma Register and consideration of all timely filed comments before any new rules take effect.

ENFORCEMENT

The bill now prohibits OHFA from imposing retroactive rule changes on existing awards unless required by federal law, and mandates the removal of participation penalties if monitoring issues are resolved within 30 days.

TIMELINE

The effective date was changed from November 1, 2026, to an immediate emergency declaration upon passage and approval.

ELIGIBILITY

Eligible nonprofit entities are explicitly granted the right to use third-party guarantors and other risk-sharing mechanisms permitted under federal regulations.

House Committee Substitute → Senate Committee Substitute for House Bill · 6 edits

MODERATE

The bill was amended to shift its focus from general administrative restrictions to specific mandates for transparency and public engagement. The Senate version requires the Housing Finance Agency to publish data explaining any stricter rules it proposes, mandates a 30-day public comment period for rule changes, and explicitly prohibits retroactive application of new rules to existing contracts. Additionally, the bill now directs the agency to prioritize grants for nonprofit organizations and clarifies that eligible entities can use third-party guarantors without restriction.

Scope change

The scope was refined to emphasize transparency and procedural fairness in rulemaking rather than just limiting the agency's authority. Applicability remains the same for the Oklahoma Housing Finance Agency and HOME Program participants.

REQUIREMENT

Added a requirement for the agency to electronically publish data explaining any proposed requirements that are stricter than federal rules.

Changed the mandatory public comment period for rule changes from 60 days to 30 days, with an exception for emergencies.

ELIGIBILITY

Added a directive for the agency to give preference to grant awards for nonprofit organizations building rental or homeownership properties.

Clarified that eligible nonprofit entities are not restricted from using third-party guarantors or other risk-sharing mechanisms.

ENFORCEMENT

Strengthened the prohibition against retroactively applying new rules to awards, contracts, or commitments already in place.

TIMELINE

Changed the effective date of the act from 'immediately upon passage' to a specific date of November 1, 2026.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute · 2 edits

MINOR

The bill text was completely replaced with a new version that updates the legislative metadata, including the session number, bill number, and committee substitute designation. While the substantive legal text regarding housing funds and participant rights appears to remain largely the same, the document now reflects a different bill number (17104) and a later date (March 6, 2026) compared to the previous version.

Scope change

The scope of the bill's applicability has not changed; the substantive provisions regarding the Oklahoma Housing Finance Agency remain identical. The change is strictly technical, updating the document's internal reference numbers and dates.

TECHNICAL

The document header and footer metadata were updated to reflect a new bill number (17104) and a later date (March 6, 2026), replacing the previous number (16826) and date (February 27, 2026).

The title page was revised to change the document type from 'Proposed Committee Substitute' to 'Committee Substitute' and updated the legislative session details.

Engrossed → Proposed Committee Substitute (full committee) 1 · 1 edit

MINOR

The bill text was completely replaced with a new version, likely a committee substitute, which includes updated formatting and page numbers but retains the original legislative language regarding the Oklahoma Housing Finance Agency. The substantive policy content, including definitions, fund administration rules, and emergency declarations, appears unchanged from the previous version.

TECHNICAL

The entire document was replaced with a new version that updates the header to reflect 'Proposed Committee Substitute' and changes the page numbering and request numbers, but the actual legal text of the bill remains the same.

Introduced → Engrossed · 7 edits · Mar 12, 2026

MODERATE

The bill was completely rewritten to shift its focus from social work reform to the administration of the federal HOME Housing Program by the Oklahoma Housing Finance Agency. The new version establishes strict limits on how the agency can impose rules, mandates a 30-day public comment period for any policy changes, and guarantees specific financial rights to nonprofit participants.

Scope change

The bill's scope changed entirely from regulating social work practices to governing the administration of federal housing funds.

SCOPE

The bill now exclusively addresses the Oklahoma Housing Finance Agency's management of the federal HOME Investment Partnerships Program.

All provisions related to the Social Work Reform Act, including its effective date and non-codification status, were removed.

REQUIREMENT

New rules require the agency to publish all policy changes in the official register with a minimum 30-day public comment period before they take effect.

ELIGIBILITY

Eligible nonprofit organizations are now explicitly allowed to use third-party guarantors and risk-sharing mechanisms for their housing projects.

FISCAL

Participants are guaranteed a minimum 15% developer fee with a guaranteed 10% drawdown to cover overhead and operating costs.

DEFINITION

The bill defines key terms such as 'HOME Program' and 'HOME funds' to clarify the scope of federal grants administered by the state.

ENFORCEMENT

The agency is prohibited from applying new rules retroactively to existing contracts unless required by federal law.

Oklahoma Housing Finance Agency; defining term; mandating certain publication; requiring certain actions prior to certain changes; effective date.

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