Oklahoma housing finance agency
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Oklahoma Housing Finance Agency is a non-profit organization which serves the people of Oklahoma by offering affordable housing resources. This state trust, which opened its doors in 1976, administers the Section 8 program which aids 25,000 families annually with rental assistance. While it is affiliated with the State of Oklahoma, OHFA does not operate using legislative funds.
Through the OHFA Advantage program, OHFA works with participating mortgage lenders to provide 30-year fixed-rate loans through OHFA Advantage (state bond money) at below market rates. The most popular type of loan offers down payment and closing cost assistance. OHFA also offers new construction loans.
Housing Development programs such as Affordable Housing Tax credits and the HOME Investment Partnerships program help non-profits and communities to build and revitalize affordable housing.
OHFA has been recognized with an Oklahoma Quality Award and is a member of the National Conference of State Housing Agencies.
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