Welcome to today’s real estate news roundup! In Oklahoma, the housing market is presenting a golden opportunity for new construction through the Oklahoma Housing Stability Program. The program offers 0% interest construction loans for both for-sale homes and rental properties, with a total funding pool of $215 million. If you’re interested in learning more, don’t miss the upcoming application training webinar hosted by the Oklahoma Housing Finance Agency. In other news, Oklahoma City is making headlines with the approval of the Legends Tower, set to become the tallest building in the United States. This ambitious project will feature luxury residences, a Hyatt hotel, and more. And if you’re looking to stay informed on all things real estate, be sure to check out the latest subscription offers, specials, and discounts from The Oklahoman. Read on to explore these exciting developments and stay up-to-date with the ever-evolving housing market.
Oklahoma Housing Stability Program: A Golden Opportunity for New Housing Construction | Business & Energy | citynewsokc.com
For those interested in contributing to the expansion of housing options in Oklahoma, an upcoming event offers a valuable opportunity. The Oklahoma Housing Finance Agency (OHFA) is hosting an application training webinar for the Oklahoma Housing Stability Program, which provides 0% interest construction loans for new housing projects. This program is designed to support the construction of both for-sale homes and single or multifamily rental properties.
The webinar is scheduled for Wednesday, June 19, at 2 p.m., and will be conducted online to accommodate participants from across the state. The training session will focus on the application process, offering attendees practical advice and answering their questions to ensure a smooth and successful application experience.
The Oklahoma Housing Stability Program represents a historic investment in the state’s housing infrastructure, with a total funding pool of $215 million. This initiative marks the largest-ever allocation of funds by the state towards housing construction. The goal is to stimulate the development of new housing to meet the growing demand and enhance the stability of the housing market in Oklahoma.
The OHFA’s Housing Stability Program offers 0% interest construction loans, making it an attractive option for developers and builders. Applications for these loans are accepted year-round, providing flexibility for applicants to plan and execute their projects.
Key highlights of the program include:
- 0% interest construction loans for new housing projects
- Support for both for-sale homes and single or multifamily rental properties
- Total funding pool of $215 million
- Applications accepted year-round
Interested participants are encouraged to register in advance for the training webinar. Detailed instructions and registration links are available on the OHFA website. The session will not only cover the technical aspects of the application but will also offer insights into best practices for project proposals and completion.
For homebuyers, the OHFA website provides additional resources, including information on down payment and closing cost assistance programs that can make purchasing a home more affordable.
The first-ever allocations under the Oklahoma Housing Stability Program were awarded at the OHFA Board of Trustees meeting on May 15. Nearly $15.5 million was allocated through the Oklahoma Homebuilder Program, while approximately $7.9 million was awarded through the Oklahoma Increased Housing Program. These initial awards signal the beginning of a transformative phase in Oklahoma’s housing sector, promising significant growth and development.
The upcoming webinar on June 19 is a must-attend for developers, builders, and other stakeholders interested in Oklahoma’s housing market. By participating in the Oklahoma Housing Stability Program, they can access vital funding and support, contributing to the state’s ambitious housing goals. Register now to secure a spot in this informative session and take the first step towards making a substantial impact on Oklahoma’s housing landscape.
For more information and to register for the webinar, visit the Oklahoma Housing Finance Agency website.
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Tallest skyscraper in US now approved for ‘unlimited’ height
A supertall skyscraper in Oklahoma City has cleared a crucial hurdle, as developer Matteson Capital received approval to build a tower without any height restrictions. The Oklahoma City Council recently approved a new zoning application for the Legends Tower, removing previous height restrictions and allowing it to potentially become the tallest building in the US. The development will feature two apartment buildings, low-income housing, a Hyatt Dream Hotel, and more. The only remaining issue is the proposed Las Vegas-like digital signage, which has been a point of contention. Construction on the $1.2 billion project is set to begin in the fall.
Read more about this exciting development on The New York Post.
In a few years, the nation’s tallest building may not be in New York or Chicago | Health News Florida
Oklahoma City is set to become home to the tallest building in the United States, with plans underway for the construction of the Legends Tower. The tower, reaching a height of 1,907 feet, aims to surpass the current tallest building, One World Trade Center in New York City. Led by California firms Matteson Capital and AO, the project has secured over $1 billion in financing. The mixed-use development will feature luxury residences, a Hyatt hotel, and various amenities. While the project still requires additional approvals, it represents a transformative endeavor for Oklahoma City’s skyline.
Read more about this ambitious project on Health News Florida.
New Tallest Skyscraper in America Approved to Be Built at ‘Unlimited’ Height
Oklahoma City is set to become home to the tallest building in America, as the Oklahoma City Council has approved the construction of the Legends Tower without any height restrictions. Led by architecture firm AO and real estate developers Matteson Capital, the tower will reach a height of 1,907 feet, paying homage to the year Oklahoma became the 46th state. The development, known as the Boardwalk at Bricktown, will also feature retail and restaurant spaces, as well as 1,776 residential units ranging from affordable housing to luxury condos. With construction expected to begin this fall, the project aims to transform Oklahoma City into a global destination.
Read more about this exciting development on People.