Oklahoma Housing Finance Agency's Board of Trustees Awards Affordable Housing Tax Credits

By Record, Journal | THE JOURNAL RECORD, June 2, 2011 | Go to article overview

Oklahoma Housing Finance Agency's Board of Trustees Awards Affordable Housing Tax Credits


Record, Journal, THE JOURNAL RECORD


The Oklahoma Housing Finance Agency's Board of Trustees has approved seven Affordable Housing Tax Credits to build or rehabilitate affordable housing.

The OHFA is the state's tax allocating agency for Affordable Housing Tax Credits. The amount listed is received each year for the first 10 years of a project's operating period - a $500,000 reservation results in a total tax credit award of $5 million.

The seven projects include the following.

* $750,000 reserved for Silent Harvest Homes LP for the construction of 40 single-family homes to be known as Silent Harvest Homes in Guthrie.

* $664,617 reserved for Cedar Hollow LP for the construction of 29 single-family homes to be known as Cedar Hollow in Harrah.

* $459,795 reserved for Heritage Park Homes II LP for the construction of 22 single-family homes to be known as Heritage Park Homes II in McLoud.

* $690,000 reserved for MRE Muskogee Housing Partners I LP for the construction of 21 duplexes, or 42 units, to be known as Timber Creek in Muskogee.

* $750,000 reserved for Cross Creek Landing LP for the construction of 44 single-family homes to be known as Cross Creek Landing in Oklahoma City.

* $534,315 reserved for Cottage Park Shawnee LP for the construction of 17 duplexes, or 34 units, to be known as Cottage Park Shawnee in Shawnee.

* $750,000 reserved for Westpark Phase I LP for the construction of 128 apartments to be known as West Park Apartments in Tulsa.

The trustees also approved 12 Home Investment Partnerships Program contracts.

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Oklahoma Housing Finance Agency's Board of Trustees Awards Affordable Housing Tax Credits
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