Okla. Admin. Code § 330:50-1-1

Current through Vol. 42, No. 4, November 1, 2024

Section 330:50-1-1 - Introduction

(a) The Section 8 Program was enacted as part of the Housing and Community Development Act of 1974, which recodified the U.S. Housing Act of 1937. The U.S. Department of Housing and Urban Development (HUD) regulations, 24 C.F.R. § 982.54, require that the Oklahoma Housing Finance Agency (OHFA) have an Administrative Plan by which OHFA must administer the Section 8 Housing Choice Voucher Program. This regulation prescribes certain policies that must be in the Administrative Plan. The Act has been amended from time to time. Further, the Section 8 Housing Choice Voucher Program is pervasively regulated by federal statutes and regulations, which are added to, deleted, or modified from time to time.

(b) The OHFA Board of Trustees are charged with the general policy-making and superintendence over the Agency. The Trustees may, from time to time and at the recommendation of staff, authorize revisions to the Administrative Plan as may be required by changing laws and regulations or upon lessons learned or external circumstances that make it advisable to alter OHFA's ways and means of operating the Section 8 Program to be more effective, efficient, and a better steward of the public resources entrusted to it.

Added at 16 Ok Reg 2905, eff 7-12-99

Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 1/1/2021