Incentive Evaluation Commission – Oklahoma Affordable Housing Act

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.

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