Home Finance Authority Regular Meeting 07/08/2026

The Oklahoma County Home Finance Authority held a regular meeting on July 8, 2026, focusing primarily on financial and procurement matters related to affordable housing programs. Key procurement discussions included the status of the Turnkey Plus loan program, which has financed 402 houses totaling over $85 million, and plans to develop a new sustainable down payment assistance program with options for gift or forgivable loans. The Authority reviewed and deferred approval of the fiscal year 2025 audit to allow more time for review, noting a significant drawdown of funds and concerns about sustainability. They discussed a memorandum of understanding with a national affordable housing developer, Dominion, for a 412-unit multifamily project in Oklahoma City, including development assistance fees and ongoing payments tied to the project. The meeting also covered resolutions authorizing up to $10 million in revolving funds for sales tax exemption on construction materials for affordable housing projects, with administrative fees expected to be $200,000 to $250,000 per project. Additionally, the Authority agreed to provide a letter of support for a nonprofit developing specialized supportive housing for low-income senior adults with autism. The meeting concluded with plans to issue an RFP for grant writing services to pursue additional funding opportunities for affordable housing initiatives.