Emergency rules for the Housing Stability Program in Oklahoma were approved by Gov. Kevin Stitt on Thursday.

The Oklahoma Housing Stability Program (HSP) provides $215 million to fund the construction of single-family homes for purchase and for single and multifamily rental homes.

The Oklahoma Housing Finance Agency will begin accepting applications for the programs on Monday, Jan. 29.

The HSP also offers down payment and closing cost assistance for homebuyers who purchase homes made by the Oklahoma Homebuilder Program.

“With the approval of the emergency rules, Governor Stitt demonstrates his profound understanding of the housing issues faced by Oklahomans and his commitment to addressing the housing shortage in rural and urban communities throughout the state,” said Mike Buhl, chairman of the OHFA Board of Trustees.

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