Okla. Admin. Code § 330:55-1-3

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

Section 330:55-1-3 - Scope

(a) During each Program Year , financial assistance will be made available to eligible units of local government, non-profit organizations and other eligible entities for the purpose of implementing specific activities that further the stated purpose of the HOME Program.

(b) Eligible units of local government are incorporated cities/towns and counties that are not designated Participating Jurisdictions in the HOME Program. Eligible non-profit organizations are Community Action Agencies and those entities which have been officially acknowledged by OHFA as Community Housing Development Organizations (CHDOs) pursuant to CFR Part 92.2 ,and other nonprofit housing development organizations.

(c) Under certain circumstances, for-profit housing developers may be permitted to utilize HOME Program Funds as set forth in the Action Plan and/or the Annual HOME Program Application Packet. However, OHFA reserves the right to restrict for-profit developers from the use of some or all of OHFA's annual allocation of HOME Program funds as OHFA deems in the best interest of the State of Oklahoma.

Okla. Admin. Code § 330:55-1-3

Added at 16 Ok Reg 539, eff 11-17-98 (emergency); Added at 16 Ok Reg 2906, eff 7-12-99; Amended at 30 Ok Reg 2005, eff 7-31-13