November 17, 2011
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Oklahoma Housing Finance Agency

 

Oklahoma Housing Finance Agency’s Board of Trustees approved at its November meeting reservations of Affordable Housing Tax Credits totaling $5.6 million to build or rehabilitate affordable housing in Oklahoma. OHFA is the state’s tax allocating agency for AHTC.
 
The following developers received a reservation of tax credits. The amount listed is received each year for the first 10 years of a project’s operating period. For example, a $500,000 reservation results in a total tax credit award of $5 million.
 
  • $750,000 reserved for Claremore Village, LP for the construction of 20 fourplexes (80 units) to be known as Claremore Village in Claremore.
  • $323,995 reserved for Bulldogger-GMC, LP for the acquisition and rehabilitation of 48 apartments to be known as Bulldogger Apartments in Dewey.
  • $750,000 reserved for Linden Woods II, LP for the construction of 40 single-family homes to be known as Linden Woods II in Durant.
  • $576,357 reserved for PreservingUS, Inc. for the acquisition and rehabilitation of 30 apartments to be known as Enid Senior Residences in Enid.
  • $502,511 reserved for Madill Affordable Housing, LLC for the construction of 25 single-family homes to be known as Madill Affordable Housing in Madill.
  • $152,572 reserved for Mannford Senior, LP for the acquisition and rehabilitation of 27 apartments to be known as Mannford Senior in Mannford.
  • $750,000 reserved for HRM III, LP for the construction of 38 single-family homes to be known as Legends at Hickory Ridge III in McAlester.
  • $310,127 reserved for Ironman-GMC, LP for the acquisition and rehabilitation of 44 apartments to be known as Ironman Apartments in Nowata.
  • $666,163 reserved for MCN Housing Division, LP #1 for the construction of 35 single-family homes to be known as Mission Addition in Okmulgee.
  • $355,145 reserved for Sallisaw Family Housing, LP for the acquisition and rehabilitation of 12 fourplexes (48 units) to be known as RoseRock Estates I & II in Sallisaw.
  • $493,755 reserved for South Rock Creek Estates, LLC for the construction of 20 single-family homes to be known as South Rock Creek Estates in Shawnee.
 
As Oklahoma’s largest provider of affordable housing, OHFA offers nine housing programs ranging from “OHFA Advantage” for home ownership to housing development and rental assistance. For more information about OHFA and its programs and services, visit www.ohfa.org.