The Incentive Evaluation Commission met November 15 to make final recommendations to the state legislature regarding the Oklahoma Affordable Housing Act.
The IEC voted to:
1. Suggest lowering the credit term from 10 years to 5 years.
2. Suggest lifting the population caps so all counties are eligible.
3. Reject PFM’s recommendation to make the credit refundable instead of transferable.
Although PFM suggested removing the $1 for $1 match on state to federal allocations, the Commission did not take action on this issue.