Oklahoma Housing Finance Authority; creating the Oklahoma Rental Assistance Grant Program. Effective date. Emergency.

SB 262 creates the Oklahoma Rental Assistance Grant Program, administered by the Oklahoma Housing Finance Agency, to provide rental subsidies to individuals evicted due to the COVID-19 pandemic. The program is funded through legislative appropriations, federal funds, and private donations deposited into a new Oklahoma Rental Assistance Revolving Fund. This fund operates as a continuing account in the state treasury, allowing the agency to use these resources for the program without annual budget constraints. The bill takes effect July 1, 2025, and declares an emergency to expedite implementation.