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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
HOUSE BILL 2099 By: Menz
AS INTRODUCED
An Act relating to housing; defining terms; providing
for creation of Oklahoma Affordable Housing
Commission; prescribing membership; pro viding for
utilization of Oklahoma Affordable Housing Commission
Revolving Fund; providing for utilization of
resources; creating the Oklahoma Affordable Housing
Commission Revolving Fund; providing for revenue
sources; providing for expenditures; prohibit ing
expenditures prior to designated date; requiring
adoption of administrativ e rules; providing for
transfer of unencumbered funds; providing for
codification; providing an effective date; and
declaring an emergency.
BE IT ENACTED BY THE PEO PLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 6401 of Title 74, unless there
is created a duplication in numbering, reads as follows:
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 (HUD);
2. "Very low income household" means a household income of more
than thirty percent (30%) of the area median income but no more than
fifty percent (50%) of the area median income, adjusted for the size
of the household, as determined by the United States Department of
Housing and Urban Development;
3. "Low income household " means a household incom e 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 determine d 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 i ncome,
adjusted for the size of the household, as determined by the United
States Department of Housing and Urban Development; and
5. "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.
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SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 6402 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 sixteen (16)
members. The members shall serve as follows:
1. Eight members shall be appointed by the President Pro
Tempore of the Oklahoma State Senate:
a. one shall be a Senator from the majority party who
shall serve as co-chair of the Commission,
b. one shall be a Senator from the minority party 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,
d. one shall be a representative from a low income and
moderate to low income population -serving financial
institution (A Community Development Financial
Institution as defined by the Federal Reser ve) whose
first term shall be for two (2) years, and then
renewable for three-year terms thereafter,
e. one shall be a representative from a Community Housing
Development Organization (CHDO), as determined by the
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United States Department of Housing and Urb an
Development, whose first term shall be for two (2)
years, and then renewable for three -year terms
thereafter,
f. a representative of building service or construction
trades whose first term shall be for two years, and
then renewable for three -year terms thereafter,
g. one shall be from the Oklahoma Department of Commerce
Community Development Division, or his or her
designee, whose first term shall be for three (3)
years, and then renewable for three one -year terms
thereafter, and
h. one shall be an Okla homa representative of the United
States Department of Agriculture (USDA);
2. Eight members shall be appointed by the Speaker of the
Oklahoma House of Representatives:
a. one shall be a House member from the majority party
who shall serve as co -chair of the Commission,
b. one shall be a House member from the minority party
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 obtain ing affordable
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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, or 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,
e. one shall be a representative from an urban housing
authority whose first term shall be f or two (2) years,
and then renewable for three -year terms thereafter,
f. the Executive Director of the Oklahoma Housing Finance
Agency (OHFA) or designee whose first term shall be
for two (2) years, and then renewable for three -year
terms thereafter,
g. one shall be a representative from an urban housing
authority whose first term s hall be for two (2) years ,
and then renewable for three -year terms thereafter,
and
h. one shall be a representative of an Oklahoma rural
housing authority whose first term shall be for two
(2) years, and then renewable for three -year terms
thereafter.
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B. The Commission shall utilize the Oklahoma Affordable Housing
Commission Revolving Fund as authorized in Section 3 of this act.
C. The Commission shall utilize the resources avai lable to it
in order to address the needs of extremely low income households,
very low income households, low income households, moderate income
households, and middle 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 6404 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 the "Oklahoma Affordable Housing Commission
Revolving Fund", which shall consist of all monies 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 administration of the
Oklahoma Affordable Housing Commission and shall be budgeted and
expended in accordance with the provisions of subsection B of 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 Revolving Fund prior to July 1, 2025,
or prior to the approval by the Legislature of promulga ted permanent
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rules by the Commission pursuant to the provisions of the
Administrative Procedures Act.
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 Ok lahoma Affordable 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 incentives to support the development of
more affordable housing; and
6. Any other rules n ecessary to carry out the purpose and
mission of the Commission as expressed i n this act.
D. All unencumbered funds remaining in the Oklahoma Affordable
Housing Commission Revolving Fund upon the expiration of the
Oklahoma Affordable Housing Commission sh all be transferred to the
State Treasurer for deposit in the General Revenue Fund.
SECTION 4. This act shall become effective July 1, 2025.
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 whereo f this act shall take effect and
be in full force from and after its passage and approval.
60-1-10823 JL 12/16/24