Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Oklahoma Department of Commerce $3,134,373.20 under the Housing Trust Fund formula grant program (CFDA 14.275) on September 25, 2025, with a period of performance through September 25, 2032.

The Housing Trust Fund award is directed to expand and preserve the supply of affordable housing, particularly rental housing, for extremely low-income and very low-income households. At least 80 percent of the funds must support rental housing production for extremely low-income households. The recipient must allocate funds through an HTF allocation plan submitted as part of its annual action plan and certifications, with the next allocation plan due no later than August 16, 2026. Funds must be committed to projects within 24 months and expended within five years of draw-down. Records documenting compliance and the period of affordability must be retained for five years beyond the required affordability period.

Performance occurs in Oklahoma City, Oklahoma. The Oklahoma Department of Commerce administers the award as a pass-through entity, distributing formula allocations to eligible sub-recipients for rental housing production, preservation, and rehabilitation activities statewide.