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The end of a period that included an eviction moratorium and rental assistance up 15 months of back rent could lead to a rise in housing instability among Oklahoma’s low-income renters.
The Oklahoma Housing Finance Agency (OHFA) is a non-profit organization which serves the people of Oklahoma by offering affordable housing resources, including loans and rent assistance. OHFA was created in 1975 when Governor of Oklahoma David L. Boren approved the agency's first trust indenture.
In general the aid can help pay for back rent, next month's rent and some utility bills. Renters can get a year or more's help in getting caught up on back rent.
Price Edwards & Co., which tracks complexes in Oklahoma City with 50 or more units, the kind that would be impacted by Biden's rent cap, reports that rents jumped 12% in 2021 and 6% in 2022.
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
Cash-strapped Americans in search of rental assistance have plenty of government programs and funds to tap into, but you need to know where to look if you want to access it. See: Over Half of...
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