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Click here to subscribe to receive News & Blog posts and to receive up to date information about OCAH and affordable housing news and more. If you like to also receive OCAH Emails and Newsletter on updates on the coalition, Housing Advocacy, and Affordable Housing Click Here.

  • 12 Sep 2023 2:45 PM | Anonymous

    Sponsor the 2023 1 Day Oklahoma Housing Conference on November 16 at the Meinders Conference Center at Oklahoma Christian University in Oklahoma City!  Become a sponsor and receive marketing benefits as well as registrations for the conference.

    Sessions include Understanding HOTMA's Impact on Affordable Housing Programs, Income Averaging Final Rules and more... Registration coming soon.

    Download the 1 Day OK Housing Conference Sponsorship Prospectus.

  • 12 Sep 2023 10:00 AM | Anonymous

    Nominations Being Accepted for the Coalition Board of Directors

    The Oklahoma Coalition for Affordable Housing is seeking nominations for candidates to serve on the 2024 Board of Directors.
    Board Member Eligibility:
    -
    Must be an Active/Voting member of the Coalition.
    -
    Must be in good standing with membership dues paid in for 2023.
    Submission Information:
    -Double check your membership status by logging in on our website in the upper right-hand corner.
    Fill out the Board of Directors Nomination Application.
    -The deadline to submit a nomination is on Friday, September 22.

  • 8 Sep 2023 9:14 AM | Anonymous

    Sponsorship Opportunities are now available for the 2023 1 Day Oklahoma Housing Conference on November 16 at the Meinders Conference Center at Oklahoma Christian University in Oklahoma City!  Become a sponsor and receive marketing benefits as well as registrations for the conference. Sessions include Understanding HOTMA's Impact on Affordable Housing Programs, Income Averaging Final Rules and more... Registration coming soon.

    Download the 1 Day OK Housing Conference Sponsorship Prospectus.


  • 6 Sep 2023 9:16 AM | Anonymous

    OCAH Members receive a 20% discount to the 2023 Commercial Real Estate Summit with code: SUMMIT2023. You must register by 5:00pm on Friday, September 8, 2023.

    The CRE Summit includes a Multifamily Financing Track hosted by OHFA covering:

    • HOME ARP Funding
    • Oklahoma Housing Stability Program
    • Multifamily Bond Financing Part I & II

    Other topics of interest include:

    • Revising the OKLTA
    • Updated Statewide Housing Needs Assessment
    • Development Taxes

    New this year, the UCO Real Estate Program will be hosting a job fair for employers to meet and interview students.

    For more information or to register: https://2023CRESummit.eventbrite.com

  • 28 Aug 2023 11:17 AM | Anonymous

    Sign up for our latest Blog & News alerts to stay in the loop with latest updates on blog posts, events, and coalition information within the Oklahoma Affordable Housing community. Click Here to direct you to the Homepage of our New Website, from there you scroll down and will see the News & Update (see image below). If you are already a member, make sure you log in before subscribing or it will not let you subscribe.

    This image has an empty alt attribute; its file name is screenshot-2023-08-28-120003.png

  • 26 Aug 2023 12:25 PM | Anonymous

    Sponsorship Opportunities are now available for the 2023 1 Day Oklahoma Housing Conference on November 16 at the Meinders Conference Center at Oklahoma Christian University in Oklahoma City!  Become a sponsor and receive marketing benefits as well as registrations for the conference. Sessions include Understanding HOTMA's Impact on Affordable Housing Programs, Income Averaging Final Rules and more... Registration coming soon.

    Download the 1 Day OK Housing Conference Sponsorship Prospectus.

    This image has an empty alt attribute; its file name is Sponsorship%20Pkt%20Graphic.png

  • 25 Aug 2023 2:08 PM | Anonymous

    Sponsorship Opportunities are available now for the 2023 1 Day Oklahoma Housing Conference on November 16 at the Meinders Conference Center at Oklahoma Christian University in Oklahoma City!  Become a sponsor and receive marketing benefits as well as registrations for the conference. Sessions include Understanding HOTMA's Impact on Affordable Housing Programs, Income Averaging Final Rules and more...


    Download the 1 Day OK Housing Conference Sponsorship Prospectus.

  • 25 Aug 2023 2:02 PM | Anonymous

    As members of the ACTION Campaign, we are asking you to assist ACTION by asking your local leaders to sign-on to this letter supporting the Affordable Housing Credit Improvement Act (AHCIA). The ACTION Campaign is seeking Mayors, state, county and local officials and other government entities that might influence the policy makers in Washington to support the AHCIA. We know you develop lasting relationships with thoughtful leaders concerned with the lack of affordable housing in their communities. This is an opportunity to have them send a strong message to Washington regarding the lack of affordable housing in their towns and cities. 

     

    As you know, the AHCIA, S. 1557 and H.R. 3238, was introduced on May 11. The ACTION Campaign is partnering with the National League of Cities, the National Association of Counties, and Mayors & CEOs for U.S. Housing Investment on a letter from local government leaders to leaders in Congress underscoring local elected leaders’ support of the AHCIA. Our goal is to show the strong support of mayors, county executives, and county board chairs from around the country for the expansion and strengthening of the Housing Credit.

    ·Please reach out and ask your local government leaders to sign on in support of the AHCIA of 2023. The deadline for signatures is September 7, 2023.

    ·A number of mayors signed a similar letter in 2021. Please be sure to mention to your mayor if they supported in the past.

    ·Share ACTION’s state and district factsheets on the Housing Credit impact locally with your local government leaders to make the case that they should weigh in with Congress by signing the letter.

    We greatly appreciate your assistance with this effort and are happy to answer any questions you may have.

     

    Thank you.


  • 18 Aug 2023 8:56 AM | Anonymous

    The National Leased Housing Association, with whom the AHTCC works with closely as part of our insurance working group, has launched a survey to produce data for policymakers on the issue of rising insurance costs. NLHA is seeking responses from all owners of Section 8 project-based rental assistance and project-based vouchers (including the Rental Assistance Demonstration); Housing Credit; Section 202/811; HOME assisted; and naturally occurring affordable housing. The survey is not intended to cover traditional public housing.

    The survey is detailed and may require input from risk management teams, but the completion is estimated to take less than an hour.

    The deadline for completion is September 15, 2023. Please use this link to complete the survey please share it with other affordable housing providers.  

     

    Rising Insurance Costs Gain Media Coverage

     

    The need for solutions to address rising insurance costs in response to stressors, such as climate change-related disasters, inflation, and climbing construction costs, is gaining media attention. The increased cost of risk is pushing many insurers to reduce coverage, increase premiums, or leave markets entirely. The National Multifamily Housing Council (NMHC) reports that property insurance premiums for multifamily housing have increased 26% on average over the last year. Because Housing Credit developments already operate under tight budget constraints due to their limited revenue from restricted rents, surging insurance premiums place additional strain on the financial feasibility of these developments. 

    Insurance costs are rising, posing acute challenges for the production of multifamily housing. In a recent article published in Commercial Observer, NMHC President Sharon Wilson Géno underscored the urgency and impact of the issue, saying, “This is a house on fire... It’s impacting existing properties and new starts. It’s turning projects that were once viable upside down.” For some developers, changes in insurance offerings have meant accepting lesser coverage or increasing deductibles. A recent viewpoint article in Multi-Housing News reports that insurance expenses remain one of the highest ongoing costs for multifamily property owners and operators. While affordable housing practitioners continue to overcome the stark challenges caused by volatility in the insurance market, the financial feasibility of shovel-ready developments remains threatened at a time when the need for production is greater than ever. 

    The increased frequency and geographic scope of natural disasters across the nation have increased the cost of risk for many insurers, leading them to increase premiums, limit coverage, or pull out of markets entirely. According to an NMHC survey, 34% of multifamily firms saw new policy limitations, and 57% were offered reduced coverage over the last year. The exit of insurers and reinsurers from high-risk markets is taking a toll on the ability to secure affordable property insurance, especially in areas where development is needed for disaster recovery. Some industry leaders share that insurers are increasingly scrutinizing replacement costs and asset valuation to control payout costs in the event of sizable natural disasters. Such changes in the insurance market carry implications for Housing Credit deals, which often spur redevelopment in areas undergoing disaster recovery.

    Rising replacement costs contribute to increasing insurance costs. Increases in construction costs from inflation, labor, and supply chain issues, and growth in property values have all been cited as contributing to increasing replacement costs. 

    Ultimately, the upward trend in property insurance costs threatens to hinder progress in expanding affordable housing production.

    If you are interested in joining the AHTCC’s insurance working group to explore potential policy responses, please email Selia Koss at selia.koss@taxcreditcoalition.org


  • 1 Aug 2023 3:07 PM | Anonymous

    On July 20, the Senate Appropriations Committee held a markup and approved its Transportation, Housing and Urban Development, and Related Agencies (THUD) fiscal year (FY) 2024 funding proposal. The measure would provide $98.931 billion for agencies under its jurisdiction, including $70.6 billion for HUD, $1.8 billion above the House proposal and $9.8 billion above the FY 23 enacted budget. 

    The Senate provided a bipartisan proposal that makes minimal cuts and level funding or increases for many of Enterprise's Policy Priorities. Specifically, the HOME Investment Partnerships Program was spared from the significant cuts proposed in the House and received level funding compared to FY 23 at $1.5 billion. Other important programs such as the Community Development Block Grant and the Section 4 Capacity Building Program also received level funding at $3.3 billion and $42 million, respectively. Several key programs received increases, including the Native American Housing Block Grant, which received a $61 million (6%) increase at $1.1 billion, and the Housing Choice Voucher (HCV) program, which received a $1.4 billion (5%) increase at $31.7 billion. The amounts for the HCV program would cover all renewals and will also provide 4,000 new incremental vouchers for youth aging out of foster care and veterans at risk of or experiencing homelessness, according to the bill summary
     
    Congress 
    should enact legislation that provides strong funding for affordable housing and community development programs to meet the urgent need we’re seeing across the county.

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Andrea Flowers-Householter,

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Phone: (405) 406-2721 

Email: Andrea@ocah.info


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