Oklahoma Affordable Housing Act; increasing tax credit allocation limit. Effective date.

Summary

The bill raises the annual limit on state affordable‑housing tax credits from $4 million to $8 million for allocation years that begin on or after July 1, 2026. It applies to low‑income housing projects placed in service after July 1, 2015 and requires an eligibility statement from the Oklahoma Housing Finance Agency. The higher cap is intended to attract more private investment in affordable housing.

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