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. Workforce housing is defined as housing for households earning 60% to 120% of the county's median income. Municipalities must submit a detailed plan covering current housing supply, projected needs, land use, and existing programs to qualify for one-time grants administered by the Oklahoma Housing Finance Agency. The program uses a new revolving fund in the state treasury, funded by state appropriations and private donations, and requires grantees to submit quarterly progress reports and repay funds if they fail to meet agreement terms. The law takes effect July 1, 2025.