SECTION 330:40-1-1. Purpose

  These Chapter 40 rules have been adopted for the purpose of complying with the provisions of the Administrative Procedures Act, 75 O.S., Sections 250, et seq. The Oklahoma Housing Finance Agency ("OHFA") is authorized under its Amended Trust Indenture and the Bylaws of the Oklahoma Housing Finance Agency and the Oklahoma Homeless Prevention Act, 74 O.S. §2900 et seq., to make available to local government agencies, local housing authorities or nonprofit agencies, certain State funds as same are mandated by the Stewart B. McKinney Homeless Assistance Act of 1987. These State funds are to be utilized in providing housing or housing assistance to homeless persons or families or mentally ill persons in need of housing. In furtherance thereof, OHFA has adopted this Chapter 40 for the implementation of a Pilot Program respecting utilization of said State funds. As funds are made available, Grants will be made to local government agencies, local housing authorities or nonprofit agencies to lease vacant housing units which are subject to government control, which have been donated by any public or private entity, or which have been purchased by any local government agency, local housing authority or nonprofit agency by for use by homeless individuals or families and mentally ill persons in need of housing.

[Source: Amended at 10 Ok Reg 971, eff 1-29-93 (emergency); Amended at 10 Ok Reg 4057, eff 7-26-93; Amended at 20 Ok Reg 2295, eff 7-12-04]