Oklahoma Housing Finance Agency AgendaPacket Board of Trustees Meeting 2026-05-13
Massive Bond and Tax Credit Package Approved for The Shane
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Description
OHFA approved a financing package for The Shane in Oklahoma City, including $66.6 million in multifamily bonds, $5.6 million in federal 4% tax credits, and $1.15 million in state credits. The project will deliver 412 new affordable units.
Contract Details
Contract Amount
$66,605,000 multifamily bonds; $5,600,000 federal 4% credits; $1,150,000 state credits
Vendor
SHANE
Agency
Oklahoma Housing Finance Agency, OK
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
2026 4% LIHTC and bond inducement first funding period
Renewal Info
Initial inducement and tax credit allocations for 2026; subsequent bond issuance and closing to follow under approved terms.
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APPROVEDIssuing Agency
Oklahoma Housing Finance Agency
State Housing Authority
Oklahoma City, OK
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