Oklahoma City leaders unveiled a $130 million plan to build thousands of affordable homes and renovate existing ones, aiming to address the housing crisis over the next decade.
OKLAHOMA CITY —
Oklahoma City leaders have announced a $130 million plan to address the housing crisis by building thousands of affordable homes and renovating existing ones over the next decade.
Officials are working with stakeholders to construct 4,600 new homes each year while also repairing about 1,000 existing homes.
The project will be funded through a combination of grants, bonds and MAPS 4 dollars, with the goal of providing housing options for families and first-time homebuyers.
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“What we need most is one-to-two-bedroom units, starter homes, ADUs. We need a little of everything, and we need them to be near transit services and other public services we have established,” said Shannon Entz, the housing strategy implementation manager. “Affordable housing does not mean cheap housing. This needs to be housing that lasts generations.”
Additionally, $25 million will be invested to redevelop Will Rogers Court, a community that has stood for nearly 100 years. Residents have expressed that the area is in need of upgrades.