Community Action Agency of Oklahoma City & OK/Canadian Counties Homebuyer Assistance Program

How it works

The Community Action Agency of Oklahoma City & OK/Canadian Counties, Inc. says it has two homebuyer assistance programs that provide down payment and closing cost assistance to income-eligible individuals and families. For Oklahoma and Canadian counties, the program provides up to $18,999 in assistance.

The assistance is structured as a forgivable second mortgage with no monthly payments. The second mortgage is forgiven after the buyer occupies the home as their primary residence for a five-year affordability period in Oklahoma and Canadian counties.

If the property is sold, sub-leased, refinanced, or transferred to another person before the affordability period ends, the assistance must be repaid in full or pro-rated.

What the money covers

The program is for down payment and closing costs. The page does not describe any funds for roof replacement, wind mitigation, wildfire hardening, storm shutters, generators, safe rooms, or other disaster-hardening work.

Amounts and matching

• Oklahoma/Canadian counties HOME program: up to $18,999.
• The page also notes a separate Oklahoma City HOME program up to $18,000, plus a separate $5,000 to buy down the interest rate, but that is not the Canadian County program.
• The page does not state a match requirement.

How to apply

The page directs applicants to program-specific eligibility information via linked pages for the Oklahoma County and Canadian County DPA program. The page also states that program details and eligibility apply only to the current grant contract and may change in future contracts.

Timing and deadlines

No application deadline is stated on the page. The page says future contracts may have different requirements and updates will be published when available.