Oklahoma Housing Finance Authority; creating the Oklahoma Rental Assistance Grant Program. Effective date. Emergency.

SB 262 creates the Oklahoma Rental Assistance Grant Program to provide rental subsidies to Oklahomans evicted due to the COVID-19 pandemic. Administered by the Oklahoma Housing Finance Agency, the program will be funded through a new revolving fund in the state treasury using legislative appropriations, federal funds, and private donations. The revolving fund operates continuously without fiscal year limits, allowing the agency to use these resources for eligible rental assistance. The program becomes effective July 1, 2025.