Oklahoma Administrative Code
Title 330 - Oklahoma Housing Finance Agency
Chapter 30 - Multifamily Housing Bond Program
Subchapter 4 - Application and Processing Procedures
Section 330:30-4-2.1 - Application Processing Stages
Current through Vol. 41, No. 13, March 15, 2024
(a) The AP, as approved by the Trustees may modify, expand, or clarify the following criteria.
(b) There are at least two stages in OHFA's review of Applications: The inducement stage and the final financing stage. The Inducement Resolution may not be combined with the Final Resolution.
(c) The Applicant will be notified and informed of any additional requirements for the Trustees to consider an Inducement Resolution. OHFA's notice to the Applicant will establish a timeline for filing additional or supplemental information.
(d) An Inducement Resolution may be issued before an Application is filed with OHFA. Specific requirements for documentation to be submitted will be in the AP.
(e) Following OHFA's review, only Applications meeting all requirements of these Rules and any additional requirements of OHFA will be submitted to the Trustees for their consideration for approval of a Final Resolution.
(f) After the Inducement Resolution is issued, a Public Hearing must be conducted by OHFA after reasonable public notice, for the purpose of receiving and evaluating comments in support of and/or in opposition to the proposed Development.
(g) An application for State bond cap must be submitted with all required documentation. The application will be submitted by OHFA or one of its bond professionals.
(h) Final financing stage.
Added at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1981, eff 7-31-13