# Oklahoma

### Summary

Oklahoma state is facing challenges to housing affordability. For every 100 low-income renter households, there are 82 units available that are affordable to them. The median household income in the state is $37,201 whereas the median rent in the state $679. Currently, the state is short over 22,732 low-income housing units, meaning rental units that are affordable to households earning ≤60% of AMI.

33.9% share of renter households  
40.3% share of low-income households  
39.7% share of rent-burdened households

### Renter population data

#### Renters vs homeowners
| Households             | % share |
|-----------------------|---------|
| Renter households      | 510,477 | 33.9%   |
| Homeowner households    | 993,391 | 66.1%   |
| Total households        | 1,503,868 | 100.0%  |

#### Renter households by income group
| Households                    | % share |
|------------------------------|---------|
| Extremely low-income ≤30% AMI | 67,509  | 13.2%   |
| Very low-income 31-50% AMI    | 57,688  | 11.3%   |
| Low-income 51-80% AMI         | 80,601  | 15.8%   |
| All low-income households <80% AMI | 205,798 | 40.3%   |

#### Rent-burdened households
| Households                      | % share |
|--------------------------------|---------|
| Moderately rent-burdened       | 106,066 | 20.8%   |
| 30.0–34.9%                     | 38,620  | 7.6%    |
| 35.0–39.9%                     | 29,330  | 5.7%    |
| 40.0-49.9%                     | 38,116  | 7.5%    |
| Severely rent-burdened         | 96,403  | 18.9%   |
| ≥50.0%                         | 96,403  | 18.9%   |
| All rent-burdened households   | 202,469 | 39.7%   |

### Affordable housing shortage

#### Rent vs median household income
| Year | Median household income ($) | Median rent ($)  |
|------|----------------------------|------------------|
| 2010 | 26,162                     | 473              |
| 2021 | 37,201                     | 679              |
| Increase (2010–2021)         | 42.2%                    | 43.6%  |

#### Supply, demand & shortage
| Units                         | Quantity   |
|-------------------------------|------------|
| Supply (current stock)        | 102,465    |
| Demand (total units needed)   | 125,197    |
| Shortage                      | 22,732     |
| Supply/demand ratio            | 81.8%      |

### Finance institutions

#### Oklahoma Housing Finance Agency
Oklahoma Housing Finance Agency  
100 NW 63rd Street, Suite 200  
Oklahoma City, OK 73116-8250

#### List of loan programs
- [9% AFFORDABLE HOUSING](https://www.ohfa.org/affordable-housing-tax-credits/)  
- [TAX CREDIT](https://www.ohfa.org/affordable-housing-tax-credits/)  
- [PROGRAM](https://www.ohfa.org/affordable-housing-tax-credits/)  
- [MULTIFAMILY BONDS &](https://www.ohfa.org/multifamilybonds)  
- [4% AFFORDABLE HOUSING](https://www.ohfa.org/multifamilybonds)  
- [TAX CREDITS](https://www.ohfa.org/multifamilybonds)  
- [HOME INVESTMENT](https://www.ohfa.org/home-investment-partnership-program/)  
- [PARTNERSHIPS PROGRAM](https://www.ohfa.org/home-investment-partnership-program/)  
- [NATIONAL HOUSING](https://www.ohfa.org/national-housing-trust-fund/)  
- [TRUST FUND](https://www.ohfa.org/national-housing-trust-fund/)  
- [OKLAHOMA HOUSING](https://www.ohfa.org/oklahoma-housing-trust-fund/)  
- [TRUST FUND](https://www.ohfa.org/oklahoma-housing-trust-fund/)

### QAP document (Qualified Allocation Plan)

#### QAP

Oklahoma

The QAP is a document that states and a few local agencies must develop to distribute federal Low Income Housing Tax Credits (LIHTCs), which can be awarded only to a building that fits the QAP’s priorities and criteria. Each QAP must spell out a housing finance agency’s (HFA’s) priorities and specify the criteria it will use to select projects competing for tax credits. The priorities must be appropriate to local conditions.