OK HB1823

Oklahoma Housing Finance Agency (OHFA) must administer federal HOME Investment Partnerships Program funds in compliance with federal requirements and cannot impose state restrictions more stringent than federal regulations unless authorized by state statute or supported by statewide data and stakeholder input

All OHFA rule changes affecting HOME funds require publication in the Oklahoma Register, a minimum 30-day public comment period, and consideration of all timely comments; retroactive application of rule changes is prohibited except when required by federal law

OHFA must provide at least 60 days written public notice before implementing any changes to HOME Program eligibility, standards, or requirements

Eligible entities receive a minimum 15% developer fee with guaranteed 10% drawdown per reimbursement request, and participation penalties are removed if monitoring findings are resolved within 30 days

Declared an emergency measure taking effect immediately upon passage; passed the House on March 12, 2026