Oklahoma Housing Finance Agency

What Oklahoma Housing Finance Agency does

Oklahoma Housing Finance Agency (OHFA) is a non-profit, tax-exempt public trust agency of the State of Oklahoma, created in 1975 under Title 60 Oklahoma Statutes §176-180.3, headquartered in Oklahoma City. The agency administers housing finance programs across all 77 Oklahoma counties, organized into three core functions: homeownership financing (GOLD and DREAM loan programs offering 3.5% down payment assistance through tax-exempt mortgage revenue bonds and conventional conforming products), rental assistance (Housing Choice Vouchers serving 25,000+ families monthly and Performance Based Contract Administration covering 13,000 families annually for HUD), and developer financing (9% and 4% Low Income Housing Tax Credits, Multifamily Bonds, HOME Investment Partnerships, the $261 million Housing Stability Program, National Housing Trust Fund, and Oklahoma Housing Trust Fund).

OHFA's operating model relies on a statewide distribution network of more than 100 approved mortgage lenders and 2,800+ Blue Ribbon certified real estate agents, with U.S. Bank serving as master servicer for its mortgage revenue bond program. The agency distributes its developer financing through formal Board of Trustees-reviewed application processes and delivers rental assistance directly through waiting-list administration and HCV program operations. Pricing across programs is structured by income limits, purchase price ceilings, and family size; current rates include 5.875% for GOLD Government loans and 6.500%-7.875% across DREAM product tiers. The agency is governed by a gubernatorially-appointed Board of Trustees serving staggered five-year terms, with Deborah Jenkins as Executive Director since 2017 and a new CFO (Matt Boggs) appointed February 2026.

The technology stack is not publicly disclosed; operations depend on third-party portals (AssistanceConnect, Neighborly Software for HAF, HAPCHECK.com, Smartsheet, NextRequest) and HUD-mandated NSPIRE inspection standards. No proprietary software products, APIs, or AI/ML capabilities are documented in available materials. Cumulative impact since 1975 includes more than 1 million families served, 70,000+ homebuyers through down payment assistance, and nearly 40,000 rental units created through LIHTC since 1987.

Name

Oklahoma Housing Finance Agency

Legal name

Oklahoma Housing Finance Agency

Website

https://ohfa.org

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

101–250 employees

Short description

Oklahoma Housing Finance Agency (OHFA) is a state public trust that administers affordable housing programs across all 77 Oklahoma counties, including mortgage down payment assistance (GOLD/DREAM loans), Housing Choice Vouchers for 25,000+ families monthly, tax credit administration, and the $261 million Housing Stability Program for developers and homebuilders.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs (925110), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI), Public Mortgage Insurance & Government Credit Guarantee Programs (FSALAKAD), Housing & Urban Development Banks (Public) (FSABAKAG), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing finance
• Down payment assistance
• Rental assistance programs
• Mortgage revenue bonds
• Affordable housing development

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Revenue Bond Program: OHFA issues tax-exempt mortgage revenue bonds to fund home loans. The Single Family Mortgage Revenue Bond program has helped over 70,000 homebuyers since 1980. Interest rates are typically lower than market rates.
2. Federal Housing Assistance: OHFA receives federal funding to administer HUD programs including Housing Choice Vouchers (serving 25,000+ families monthly) and Performance Based Contract Administration (serving approximately 13,000 families annually).
3. Tax Credit Administration: OHFA administers Low Income Housing Tax Credits and Oklahoma Affordable Housing Tax Credits for housing developers, facilitating the creation of affordable rental housing. Nearly 40,000 rental units have been created since 1987.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Oklahoma Housing Finance Agency is a non-profit state public trust that administers affordable housing programs across Oklahoma, including mortgage revenue bond home loans with 3.5% down payment assistance (GOLD and DREAM programs), federal Housing Choice Voucher rental assistance, Performance Based Contract Administration for HUD, and developer financing through Low Income Housing Tax Credits, HOME funds, and the $261 million Housing Stability Program. The agency serves all 77 Oklahoma counties through a network of 100+ approved lenders and 2,800+ Blue Ribbon certified real estate agents.

Product overview

Oklahoma Housing Finance Agency operates as a state housing finance agency offering a comprehensive portfolio of housing programs organized into three main categories: homeownership financing, rental assistance, and developer financing. The homeownership division centers on two loan programs (GOLD and DREAM) offering 3.5% down payment assistance with special rate programs for public servants. The rental assistance division administers Housing Choice Vouchers serving 25,000+ families and Performance Based Contract Administration. The developer financing division manages tax credits (9% Affordable Housing Tax Credits, Multifamily Bonds), the $261 million Housing Stability Program (including Homebuilder and Increased Housing sub-programs), HOME Investment Partnerships, National Housing Trust Fund, Oklahoma Housing Trust Fund, and HOME-ARP. Supporting programs include homebuyer education, Blue Ribbon Agent certification, Family Self-Sufficiency, HOPWA, and the Oklahoma Housing Needs Assessment data resource.

Differentiator

Problem solved

Functional benefit

Products and services

• GOLD Loan Program Tax-exempt mortgage revenue bond program offering first-time homebuyers 3.5% down payment and closing cost assistance with below-market fixed interest rates. Includes GOLD GOVERNMENT (5.875%) and GOLD FREDDIE HFA Advantage (6.500%) loans with maximum purchase prices of $349,525 (non-targeted) and $427,198 (targeted). Special rates available for teachers, law enforcement, firefighters, EMTs, and state employees.
• DREAM Loan Program Down payment assistance loan program available to both first-time and repeat homebuyers with 3.5% DPA, maximum annual income of $150,000 statewide, and maximum purchase price of $356,362 (Government) and $453,100 (Freddie Conventional). ZERO DPA option available for buyers bringing their own down payment.
• Housing Choice Voucher Program Section 8 tenant-based rental assistance program providing monthly Housing Assistance Payments to landlords on behalf of eligible low-income families across Oklahoma. OHFA currently serves over 25,000 families monthly through this program; the waiting list is closed to new applicants.
• Performance Based Contract Administration (PBCA) Program providing monitoring, inspections, and Housing Assistance Payment services for owners of project-based Section 8 properties on behalf of HUD. Approximately 13,000 families benefit from this program each year.
• 9% Affordable Housing Tax Credits Federal Low Income Housing Tax Credit allocation administered by OHFA for developers to build and maintain safe, affordable rental housing in Oklahoma communities.
• Multifamily Bonds and 4% Tax Credits Tax-exempt bond financing providing developers access to reduced borrowing costs combined with federal 4% Low Income Housing Tax Credits. Approximately 900 additional affordable units are allocated each year through this program.
• Oklahoma Housing Stability Program $261 million state housing investment offering 0% interest construction loans for new affordable housing. Includes the Oklahoma Homebuilder Program ($100.7M for single-family construction) and the Oklahoma Increased Housing Program ($63.55M for single and multifamily rental), plus a $40 million consumer down payment assistance grant program.
• HOME Investment Partnerships Program Federal program encouraging developers, local governments, and CHDOs to build and rehabilitate rental and for-sale homes for low-income families. Since 1998, generated 6,590 for-sale and rental units and provided down payment assistance for 3,099 homeowners.
• National Housing Trust Fund Federal program providing funding for affordable rental housing primarily serving individuals and families with low or very low incomes, including those experiencing homelessness. Created 150 housing units since 2016 for Oklahomans most at-risk.
• Oklahoma Housing Trust Fund State revolving loan program for creation and preservation of affordable housing serving tenants or homeowners up to 120% of area median income. Has produced 1,231 units since 1998.
• HOME-ARP Program Federal HOME Investment Partnerships American Rescue Plan funding providing approximately $5 million in tenant-based rental assistance plus supportive services for individuals experiencing or at-risk of homelessness, including those fleeing domestic violence or human trafficking.
• HOPWA (Housing Opportunities for Persons with AIDS) Federal grants to organizations providing rental assistance, utility and mortgage assistance, and supportive services such as mental health counseling, meals, nutrition, and transportation for households affected by HIV/AIDS. On average, 60 families are assisted each year.
• Oklahoma Homeowner Assistance Fund (HAF) COVID-19 pandemic assistance program providing grants for past-due mortgages, property taxes, home insurance, and HOA dues to homeowners financially impacted by COVID-19. Now closed to new applications after disbursing $65.9M to 3,863 households.
• Family Self-Sufficiency Program Five-year contract program for Housing Choice Voucher participants to establish financial freedom. OHFA deposits money into escrow as participant income increases, with full amount received upon contract completion.
• Blue Ribbon Real Estate Agent Certification Free 2-hour continuing education workshop through the Oklahoma Real Estate Commission teaching agents about OHFA Down Payment Assistance products. Certified agents receive designation benefits and listing on the OHFA website for buyer referrals. Over 2,800 agents are certified.
• OHFA 4Schools and Shield Special Rate Programs Special interest rate programs offering below-market rates on GOLD GOVERNMENT loans (5.750%) for public servants. OHFA 4Schools serves Oklahoma school employees; OHFA Shield serves CLEET-certified firefighters, law enforcement, and EMTs; Oklahoma State Employees Program serves state agency employees.
• Emergency Housing Voucher Program Federal American Rescue Plan Act funded rental assistance program partnering with Continuum of Care agencies to provide housing vouchers to families and individuals most at-risk of homelessness in Oklahoma.

Quantifiable outcome

• 3,200 families helped with rental assistance in first year (1976)
• +5 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• University of OklahomacoreStrategic or Co-development PartnerCollaborated with OU researchers to develop the Oklahoma Housing Needs Assessment website (housingdata.ohfa.org), an interactive tool documenting affordable housing needs across the state.
• Housing for CommunitiesminorStrategic or Co-development PartnerStatewide coalition partner hosting Regional Housing Forums in collaboration with OHFA and other partners to address Oklahoma's housing challenges.
• Homeless Alliance (Oklahoma City)minorStrategic or Co-development PartnerHOME-ARP participating organization providing tenant-based rental assistance referrals for families experiencing or at-risk of homelessness.
• Housing Solutions TulsaminorStrategic or Co-development PartnerHOME-ARP participating organization serving the Tulsa area with tenant-based rental assistance referrals.
• Continuum of Care Agencies (Southeastern Oklahoma)minorStrategic or Co-development PartnerNetwork of 21 county agencies providing HOME-ARP tenant-based rental assistance referrals for southeastern Oklahoma.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• California Housing Finance Agency (CalHFA): California's state housing finance agency offering mortgage revenue bond first-time homebuyer programs, LIHTC administration, and multifamily financing. Direct peer to OHFA in program architecture and federal funding structure, though materially larger scale.
• Texas Department of Housing and Community Affairs: State housing finance agency administering federal and state housing programs (HOME, LIHTC, multifamily bonds, rental assistance) in Texas. Direct peer to OHFA with comparable mission, program stack, and federal funding profile; largest scale state HFA in the South Central region.
• Florida Housing Finance Corporation: Florida's state housing finance agency issuing mortgage revenue bonds, administering LIHTC, and providing rental assistance. Directly comparable to OHFA in offering a full homeownership, rental assistance, and developer financing portfolio.
• Nebraska Investment Finance Authority: Nebraska's state housing finance agency offering mortgage revenue bonds, LIHTC, and rental assistance. Comparable state-level HFA with similar scale, federal program administration, and statewide geographic focus.
• Colorado Housing and Finance Authority (CHFA): Colorado's state housing finance authority offering mortgage, down payment assistance, LIHTC, and multifamily financing. Direct peer with similar state-chartered structure and bond-financed homeownership products.
• Minnesota Housing: Minnesota's state housing finance agency administering mortgage revenue bonds, down payment assistance, LIHTC, and rental assistance. Directly comparable in mission, program structure, and federal funding dependency.
• Indiana Housing and Community Development Authority: Indiana's state housing finance agency administering federal housing programs and state-funded homeownership/rental assistance. Comparable mid-size state HFA with similar structure to OHFA.
• Tennessee Housing Development Agency: Tennessee's state housing finance agency offering mortgage programs, LIHTC, HOME, and rental assistance administration. Closely comparable mid-sized state HFA with similar product mix and federal program administration role.
• Kansas Housing Resources Corporation: Kansas's state housing finance agency administering HOME, LIHTC, rental assistance, and homeownership programs. Closely comparable regional state HFA with similar federal funding profile and program mix.

Broad incumbents

• Fannie Mae: Federal government-sponsored enterprise that purchases conventional mortgages and partners with state HFAs (including OHFA) as approved seller/servicer. Operates broadly across housing finance but overlaps with OHFA on conventional mortgage channels and HFA partnerships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OklahomaHousing
• Facebookfacebook.com/OklahomaHousingFinanceAgency

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oklahoma Housing Finance Agency