Summary:

– Final $100K from 2017 bond goes to new 38-unit affordable project.

– Units will serve residents earning no more than 30% AMI.

– Project backed by tax credits, MAPS 4 funds, ARPA dollars and OHFA.

OKLAHOMA CITY — The City Council this week allocated the final $100,000 from a $10 million pot of money set aside to help developers provide affordable housing in the city.

The money will go to We Are Society , a nonprofit affordable housing developer, toward construction of an $8 million 38-unit affordable housing complex at Kentucky Avenue and NW Fourth Street.

In September 2017, voters approved the use of $10 million in general obligation limited tax (GOLT) bonds for the support of affordable housing projects in Oklahoma City. To date seven projects have been approved fo

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