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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
HOUSE BILL 3956 By: Blancett
AS INTRODUCED
An Act relating to housing; defining terms ; providing
for creation of Oklahoma Affordab le Housing
Commission; prescribing membership; providing for
utilization of Oklahoma Affordable Housing Commission
Revolving Fund; providing for utilization of
resources; creating the Oklahoma Affordable Ho using
Commission Revolving Fund; providing for revenue
sources; providing for expenditures; prohib iting
expenditures prior to designated date; requiring
adoption of administrative rules; providing for
transfer of unencumbered funds; providing for
codification; providing an effective date; and
declaring an emergency.
BE IT ENACTED BY THE P EOPLE OF THE STATE OF OK LAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 6301 of Title 74, unless there
is created a duplication in numbering, reads as follows:
A. As used in this act:
1. "Extremely low income household" means income not in excess
of thirty percent (30%) of the area median income, adjusted for the
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size of the household, as determined by the United States Department
of Housing and Urban Development;
2. "Low income household" means a household income of more than
fifty percent (50%) of the area median income but no more than
eighty percent (80%) of the area median income, adjusted for the
size of the household, as deter mined by the United States Department
of Housing and Urban Development;
3. "Middle income household" means a household that has an
income of more than one hundred twenty percent (120%) of the area
median income but no more than one hundred sixty percent (160%) of
the area median income, adjusted for the size of the household, as
determined by the United States Department of Housing and Urban
Development;
4. "Moderate income household " means a household income of more
than eighty percent (80%) of the area median income but no more than
one hundred twenty percent (120%) of the area median income,
adjusted for the size of the household, as determined by the United
States Department of Housing and Urban Development; and
5. "Very low income household " means a household income of more
than thirty percent (30%) of the area median inc ome but no more than
fifty percent (50%) of the area median incom e, adjusted for the size
of the household, as determined by the United States Department of
Housing and Urban Development.
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SECTION 2. NEW LAW A new section of law to b e codified
in the Oklahoma Statutes as Section 6302 of Title 74, unless there
is created a duplication in numbering, reads as follows:
A. There is hereby created the Oklahoma Affordable Housing
Commission. The Commission shall be composed of nineteen (19)
members. The members shall serve as follows:
1. Ten (10) members shall be appointed by the Governor :
a. a representative of building service or construction
trades,
b. a real estate trade association representative,
c. one shall be a representative f rom a Community Housing
Development Corporation, as determined by the United
States Department of Housing and Urban Development,
whose first term shall be for two (2) years, and then
renewable for three-year terms thereafter ,
d. one shall be the Executive Director of the Oklahoma
Department of Commerce, or his or her designee, whose
first term shall be for three (3) years , and then
renewable for three one-year terms thereafter ,
e. one shall be an Oklahoma representative of the U nited
States Department of Agriculture,
f. one shall be a representative from a non-urban
municipality with a proven track record of addres sing
affordable housing issues, whose first term shall be
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for three (3) years, and then renewable for three one -
year terms thereafter,
g. one shall be a representative from an urban
municipality with expertise or exp erience in finding
creative and equitable solutions to the current
affordable housing crisis , whose first term shall be
for three (3) years and then renewable for t hree one-
year terms thereafter,
h. one shall be a representative of an Oklahoma rural
housing authority, and
i. two persons shall be ap pointed at large and without
any specific qualifications;
2. Four (4) members shall be appointed by the President Pro
Tempore of the Oklahoma St ate Senate:
a. one shall be a Senator who shall serve as co-chair of
the Commission,
b. one shall be a Senator who shall serve as co -vice-
chair of the Commission ,
c. one shall be a representative of an American Indian
Tribe who provides affordable housing in rural areas,
whose first term shall be for one (1) year, and then
renewable for three-year terms thereafter, and
d. one shall be a representative from a low income and
moderate to low income population-serving financial
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institution (A CDFI as defined by the Federal Reserve)
whose first term shall be for two (2) years, and then
renewable for three-year terms thereafter; and
3. Five (5) members shall be appointed by the Speaker of the
Oklahoma House of Representatives :
a. one shall be a House member who shall serve as co-
chair of the Commission,
b. one shall be a House member who shall serve as co-
vice-chair of the Commission ,
c. one shall be a representative from a not -for-profit
organization who serves low -income Oklahomans
experiencing difficulty in obt aining affordable
housing, whose first term shall be for one (1) year,
and then renewable for three-year terms thereafter,
d. one of whom shall be a representative from an
organization who assists special populations (elderly,
disabled, veterans, children transitioning out of
foster care) in obtaining affordable housing , whose
first term shall be for two (2) years, and then
renewable for three-year terms thereafter , and
e. one shall be a representative from a non -urban housing
authority.
B. The Commission shall utilize the Oklahoma Affordable Housing
Commission Revolving Fund as authorized in Section 3 of this act.
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C. The Commission shall utili ze the resources available to it
in order to address the needs of extremely low income hou seholds,
low income households, middle income households, moderate income
households, and very low income households in order to promote a
condition in which suitable housing is available to as many persons
as possible.
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 6303 of Title 74, unless there
is created a duplication in numbering, reads as follows:
A. There is hereby created in the State Treasury a revolving
fund to be designated as th e "Oklahoma Affordable Housing Commission
Revolving Fund", which shall consist of all monie s appropriated,
transferred, or otherwise designated to the fund by law. The
revolving fund shall be a continuing fund, not subject to fiscal
year limitations, and shall be under the adm inistration of the
Oklahoma Affordable Housing Commission and shall be budgeted and
expended in accordance with the provisions of subsection B o f this
section for the purpose of improving the stock and affordability of
Oklahoma housing.
B. No funds shall be budgeted or expended from the Oklahoma
Affordable Housing Commission R evolving Fund prior to July 1, 2024,
or prior to the approval by the Legislature of promulgated permanent
rules by the Commission pursuant to the provisions of t he
Administrative Procedures Act.
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C. The Oklahoma Affordable Housing Commission shall promulgate,
pursuant to the provisions of the Administrative Procedures Act,
permanent rules subject to approval by the Legislature, to
implement:
1. An initial comprehensive Oklahoma Afford able Housing
environmental scan and needs assessment;
2. A comprehensive Oklahoma Affordable Housing annual report
and action plan;
3. Details of the Commission 's general duties;
4. Reporting requirements of the Commission to the Legislature;
5. Evaluate and make recommendations to the Legislature on
abatement and exemption inc entives to support the development of
more affordable housing; and
6. Any other rules necessary to carry out the purpose and
mission of the Commission as expressed in this act.
D. All unencumbered funds remaining in the Oklahoma Affordable
Housing Commission Revolving Fund upon the expiration of the
Oklahoma Affordable Housing Commission shall be transferred to the
State Treasurer for deposit in the General Revenue Fund.
SECTION 4. This act shall become effective July 1, 2024.
SECTION 5. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
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declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
59-2-9412 MAH 01/17/24