Oklahoma Housing Finance Agency’s Board of Trustees approved during its March meeting a Housing Trust Fund loan of $425,000 to the Harbor House Foundation to purchase land in northeast Oklahoma City for a community of tiny homes. The term for the construction loan will be 18 months at a one percent interest rate.
Administered by OHFA, the Housing Trust Fund provides low-interest loans to finance new construction of rental or homeownership units; conversion of non-residential structures into rental or homeownership; acquisition and/or rehabilitation; or housing infrastructure when part of a total development project.
Developers, non-profit organizations, local governments, Indian tribes and political subdivisions are eligible to apply for Housing Trust Fund loans. For more information on the Housing Trust Fund, visit www.ohfa.org or call (405) 419-8269.