Housing (Housing Finance)

passed · Oklahoma · House Apr 29, 2026

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

This bill establishes new rules for how the Oklahoma Housing Finance Agency administers federal HOME housing funds, primarily affecting nonprofit organizations, local governments, and other eligible entities that receive these grants. It requires the agency to follow federal guidelines without adding stricter state requirements unless specifically authorized, mandates a 30-day public comment period for any new program rules, and prohibits retroactive rule changes. The legislation also guarantees nonprofit participants a minimum 15% developer fee, ensures CHDOs retain program proceeds, and requires the agency to remove penalties if monitoring issues are resolved within 30 days.

Topics ✓ HousingSupports HousingBill strengthens housing program administration by clarifying agency rules, protecting participant rights, and ensuring compliance with federal guidelines for affordable housing funds.85% confidence

Sub-Topics Housing Finance Property Development

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in committee · Oklahoma · House Feb 19, 2026

HB 4414: State government; Homebuilder Program; directing the Oklahoma Housing Finance Agency to establish and utilize needs assessment; directing to work with legislative committee; sunset date; effective date.

HB 4414 creates a zero-interest loan program administered by Oklahoma Housing Finance Agency (OHFA) to build affordable single-family homes statewide. It prioritizes homebuilders seeking to develop housing in communities affected by federally declared natural disasters within the last year. The bill requires OHFA to develop a community needs assessment tool to allocate funds and prohibits participants from also claiming the Oklahoma Affordable Housing Tax Credit. OHFA must submit annual reports detailing program outcomes to state leadership, with the law taking effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state-administered zero-interest loan program for affordable housing, funding essential housing services through OHFA budget allocation.85% confidence ✓ HousingSupports HousingCreates zero-interest loans for affordable homebuilding in disaster-affected areas, directly funding housing development and affordability priorities.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1574: Oklahoma Affordable Housing Act; increasing tax credit allocation limit. Effective date.

SB 1574 increases Oklahoma's annual cap for affordable housing tax credits from $4 million to $8 million for allocation years beginning on or after July 1, 2026. It directly affects developers of low-income housing projects that qualify under federal tax credit rules and investors claiming these state tax credits. The bill maintains that state credits cannot exceed federal credits for a project and must be used for projects placed in service after July 2015. The change provides more funding for affordable housing initiatives without altering eligibility requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases affordable housing tax credit cap from $4M to $8M, expanding state funding for low-income housing projects while maintaining fiscal alignment with federal programs.95% confidence ✓ HousingSupports HousingIncreases affordable housing tax credit cap from $4M to $8M annually, directly funding low-income housing projects and developers.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance Property Taxes

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in committee · Oklahoma · House Feb 19, 2026

HB 4409: Housing; Legislative Workforce Housing Committee; Oklahoma Housing Finance Agency; rules; meetings; codification; effective date.

HB 4409 creates a new bipartisan Legislative Workforce Housing Committee to improve Oklahoma's affordable housing access. The committee, composed of equal members from both legislative chambers and parties, will work directly with the Oklahoma Housing Finance Agency to administer the state's Housing Stability Program and develop policy changes. It will establish its own meeting rules and may seek input from community groups or outside experts to address housing needs. The bill takes effect November 1, 2026, and does not change existing housing funding or programs.

Topics ✓ HousingSupports HousingCreates bipartisan committee to improve affordable housing access via Housing Stability Program administration, directly advancing housing policy goals.95% confidence

Sub-Topics Affordable Housing Housing Finance

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in committee · Oklahoma · House Feb 3, 2026

HB 4485: Revenue and taxation; ad valorem; valuation method; fair cash value; low income housing tax credit; county assessor; effective date.

HB 4485 requires county assessors to value real property financed with federal low-income housing tax credits (under IRS Section 42) using the income-approach method for property tax assessments. It explicitly prohibits including the value of federal or state low-income housing tax credits when determining a property’s fair cash value. Property owners must provide written notice to the county assessor by January 1 each year if the property uses such credits. The bill takes effect January 1, 2027, and applies specifically to properties using federal tax credits for low-income housing development.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tax credit value from property assessments, reducing taxes for low-income housing properties, aligning with tax relief for lower-income housing.95% confidence ✓ HousingSupports HousingPrevents property tax increases on low-income housing projects by excluding tax credits from valuations, supporting affordability and preserving incentives for developers.90% confidence

Sub-Topics Property Tax Tax Credits Affordable Housing Housing Finance Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HB 3961: Revenue and taxation; Oklahoma Affordable Housing Tax Credit Policy Act of 2026; effective date.

HB 3961 creates the "Oklahoma Affordable Housing Tax Credit Policy Act of 2026," establishing a new tax credit program to support affordable housing development. The bill directly affects developers and investors who construct or rehabilitate qualifying affordable housing projects in Oklahoma. Key provisions authorize the state to issue tax credits against income tax liabilities for projects meeting specific affordability and location criteria. The program will become effective November 1, 2026, though the bill text does not specify credit amounts, eligibility rules, or administrative details beyond its framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for affordable housing development, incentivizing private investment in public service, aligning with fiscal support for essential programs.90% confidence ✓ HousingSupports HousingCreates tax credits for affordable housing development, directly funding qualifying projects through state tax incentives to advance housing affordability.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · Oklahoma · House Feb 3, 2026

HB 3846: Revenue and taxation; ad valorem taxation; exemptions; affordable housing projects; effective date.

HB 3846 creates a new property tax exemption for affordable housing projects financed through Low Income Housing Tax Credits (LIHTC) under federal law. It directly affects developers and operators of such housing who receive LIHTC financing. The bill requires these properties to maintain at least 75% occupancy - either as a single-family dwelling or with an average 75% rate across multi-family units - to keep the tax exemption. If occupancy falls below this threshold, the property loses its exemption for the next assessment year, requiring annual reporting to county assessors.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for affordable housing developers, providing tax relief to incentivize housing projects meeting occupancy requirements.92% confidence ✓ HousingSupports HousingCreates tax exemption for LIHTC affordable housing projects, incentivizing development and requiring 75% occupancy to maintain affordability.90% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

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died · Oklahoma · House Feb 25, 2025

HB 2189: Housing; creating the Oklahoma Workforce Housing Commission; Oklahoma Housing Finance Agency; reports; affordable housing; effective date.

HB 2189 creates the Oklahoma Workforce Housing Commission to oversee affordable housing initiatives. The commission, working with the Oklahoma Housing Finance Agency, must submit annual reports to the legislature starting December 1, 2026. Key provisions include adjusting the commission's initial report deadline from 2034 to 2028 and requiring ongoing annual reporting to legislative leaders. This bill directly affects state housing programs and legislative oversight of affordable housing efforts. The commission's work aims to improve housing access through structured reporting and planning.

Topics ✓ HousingSupports HousingCreates Oklahoma Workforce Housing Commission to oversee affordable housing initiatives, requiring annual legislative reports to ensure accountability and progress on housing programs.95% confidence

Sub-Topics Affordable Housing Housing Finance

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in committee · Oklahoma · Senate Feb 4, 2025

SB 938: 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new state treasury revolving fund for workforce housing grants, increasing public service funding under state budget authority.90% confidence ✓ HousingSupports HousingCreates grant program to fund workforce housing (60-120% AMI), directly advancing affordable housing access through state funding and municipal planning requirements.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates state grants for workforce housing (60-120% median income), directly supporting housing stability for employed workers, advancing employment access.85% confidence

Sub-Topics Affordable Housing Housing Finance Zoning

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in committee · Oklahoma · House Feb 4, 2025

HB 1051: Cities and municipalities; Fair Zoning Act of 2025; single-family; diverse housing; report; Oklahoma Uniform Building Code Commission; Oklahoma Housing Finance Agency; effective date.

HB 1051, the "Fair Zoning Act of 2025," requires cities with over 20,000 residents to update zoning laws to allow multi-family housing (like apartments and duplexes) alongside single-family homes in all residential zones, ending exclusive single-family zoning. Cities must submit detailed 5-year reports to the Oklahoma Housing Finance Agency on zoning changes, new housing units, affordability efforts, and community partnerships. The bill prohibits height restrictions on multi-family buildings that meet state safety standards and historical preservation guidelines, while allowing citizens to sue noncompliant local governments. It takes effect November 1, 2025, aiming to increase housing diversity and accessibility in Oklahoma communities.

Topics ✓ HousingSupports HousingEnds exclusive single-family zoning, mandates multi-family housing in all zones, and requires affordability reports - directly advancing housing supply and affordability.95% confidence

Sub-Topics Building Codes Housing Finance Zoning

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