Legislative Update: SB1168

~ Oklahoma Coalition for Affordable Housing

Many of our members have expressed concern for SB1168, which would limit contingencies on real estate contracts to one hundred-eighty (180) days for zoning, permitting, etc. From what has been expressed by membership, this is simply not enough time for LIHTC developers.

Please note that SB1168 was passed out of the Judiciary Committee yesterday evening. Click on the hyperlink below to view more information or to track this bill.

SB1168 Property; authorizing use of certain contingency for real estate contracts. Effective date.
2/15/2022 S Reported Do Pass Judiciary committee; CR filed

If this bill is of importance to your organization, you may want to reach out to your State Senator at this time.

Published by Oklahoma Coalition for Affordable Housing

The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state.

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