LEGISLATIVE ALERT

As you may know, the Oklahoma State Legislature convened a special session on Monday, September 25, 2017. The Oklahoma Affordable Housing Act is already under fire.

Senator Daniels from the Bartlesville area has filed SB46x which would require all recipients of the Oklahoma affordable housing tax credit to be Placed In Service by July 1, 2018. None of the developments that were allocated credits in 2017 will be able to comply with this restriction. The Oklahoma Housing Finance Agency has awarded this years $4M in state affordable housing tax credits to 8 developments across the state that will add another 500+ units of affordable housing for seniors and families. The OHFA Board of Trustees has already approved the 2018 QAP with applications due early January 2018.

This bill is scheduled to be heard in committee today, September 27, 2017 at 2:30pm in Room 535 of the State Capitol. A list of all Committee Meeting Information is here: http://www.oksenate.gov/Committees/meetingnotices.aspx

Please call or email the Senators on the Committee and ask them to VOTE NO on SB46X. List of Senators:

JCAB Special Session Committee Members:

Senator Kim David, Chair

Senator Eddie Fields, Vice-Chair

Senator Larry Boggs

Senator David Holt

Senator Greg McCortney

Senator Dan Newberry

Senator Anastasia Pittman

Senator Frank Simpson

Senator John Sparks

Senator Gary Stanislawski

Senator Roger Thompson

Ex Officio:

President Pro Tempore Mike Schulz

Majority Floor Leader Greg Treat

For the most up to date information – please follow our blog at www.affordablehousingcoalition.org or follow us on Facebook or Twitter.

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