Oklahoma Housing Finance Agency

Selasa, 26 Januari 2016

Oklahoma Housing Finance Agency

The Oklahoma Housing Finance Agency (OHFA) is a non-profit organization which serves the people of Oklahoma by offering affordable housing resources, including loans and rent assistance. OHFA was created by an Executive Order by Governor of Oklahoma David L. Boren in 1975. OHFA is a public trust with the State of Oklahoma as the beneficiary. The Trust was established to better the housing stock and the housing conditions in the State of Oklahoma and administers the Section 8 housing program for the State.

While it is affiliated with the State of Oklahoma, OHFA does not operate using legislative funds.

Real Estate briefs for Oct. 3 | News OK
newsok.com



Leadership

The Housing Finance Agency is overseen by a 5-member Board of Trustees as appointed by the Governor of Oklahoma on staggering terms. Day-to-day operations of the Agency are under the direction of the OHFA Executive Director. Dennis Shockley is currently serving as the Executive Director, having served in the position since 1997.

Oklahoma Housing Finance Agency Video

 



Board of trustees

OHFA is governed by a five-member Board of Trustees appointed by the Governor of Oklahoma. The five members serve staggered five-year terms. The Governor also appoints one additional member to the Board who is a resident of public housing.

As of May 2011, the Board of Trustees is as follows:

The Board of Trustees appoints an Executive Director to run OHFA. The current Executive Director is Dennis Shockley, who has served in that position since 1997.

Web Design | Jeff 3D - Online portfolio of Jeff Thompson.
jeff3d.com


History

OHFA started with 12 district field agents hired to implement the Rental Assistance program. OHFA has since grown to a multimillion-dollar agency with over 100 employees administering nine housing programs. From the manual days of processing paperwork to automated computer days, OHFA has grown from helping 3,500 families annually to helping over 25,000 with 11 different housing programs in recent years.

2015 oklahoma first time home buyer programs
www.slideshare.net


Functions

Through the OHFA Advantage program, OHFA works with participating mortgage lenders to provide 30-year fixed-rate loans through OHFA Advantage (state bond money) at below market rates. The most popular type of loan offers down payment and closing cost assistance. OHFA also offers new construction loans. Housing Development programs such as Affordable Housing Tax credits and the HOME Investment Partnerships program help non-profits and communities to build and revitalize affordable housing.

OHFA administers the Housing Choice Voucher program for low-income individuals and families in need of assistance in paying rent.

HFA Roundtable: States Sound Off| Housing Finance Magazine | LIHTC ...
www.housingfinance.com


Budget

OHFA has annual revenues over $180 million. The vast majority (63%) of OHFA revenue derives from federal funding from the United States Department of Housing and Urban Development. The other major revenues come from OHFA program loans (25%) and program fees (6%). The remainder comes from miscellaneous sources.

Expenditures are divided between interests on outstanding bonds (22%), the administration of OHFA (6%), and expenses related to federal programs administered by OHFA (69%). The remaining is associated with other program expenses.

Oklahoma Mortgage Bankers Association - Oklahoma
www.oklahomamortgagebankersassociation.com


Organization

  • OHFA Board
    • Executive Director
      • Administration Team - responsible for providing central administrative services to the Agency
      • Rental Assistance Team - responsible for administering OHFA's statewide Section 8 Rental Assistance Program, which provides assistance to low-income families
      • Finance Team - responsible for overseeing all Agency financials and audits
      • Housing Development Team - responsible for implementing the Housing Tax Credits Program, HOME Program, Housing Trust Fund, OHFA Advantage bond program, Rural Linked Deposit and Performance Based Contract Administration
      • Information Technology Team - responsible for the technological support of the Agency


Awards

OHFA has been recognized with an Oklahoma Quality Award and is a member of the National Conference of State Housing Agencies.



Are You Looking for Products

Here some products related to "Oklahoma Housing Finance Agency".

Reckless Endangerment: How Outsized Ambition, Greed, and ...
Reckless Endangerment: Ho..
Infiltrated: How to Stop the Insiders and Activists Who Are ...
Infiltrated: How to Stop ..
Amazon.com: TurboTax Deluxe Fed + Efile + State 2013 + Refund ...
TurboTax Deluxe Fed + Efi..
Amazon.com: TurboTax Deluxe Federal + efile 2009 [Old Version ...
TurboTax Deluxe Federal +..

Get these at Amazon.com

* amzn.to is official short URL for Amazon.com, provided by Bitly

Source of the article : here