Housing

signed · Oklahoma · Senate May 29, 2025

SB 877: Deed regulation; real estate licensing; requiring certain continuing education course; requiring certain notification to buyer. Effective date.

SB 877 requires Oklahoma real estate licensees (brokers and sales associates) to complete continuing education on "deed theft" prevention by November 1, 2028. It defines "deed theft" as fraudulently altering property documents, misrepresenting ownership, or stealing property through deception. The bill also mandates that brokers provide written notification about deed theft risks to buyers at closing, requiring buyers to sign a confirmation of receipt. This law, effective November 1, 2025, directly affects real estate professionals and homebuyers by adding education requirements and transparency measures to combat property fraud.

Topics ✓ HousingSupports HousingPrevents deed theft fraud, protecting property rights which is part of housing policy.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

signed · Oklahoma · Senate May 15, 2025

SB 251: Mental health and substance abuse services; expanding types of services that qualify for certain funds; establishing certain minimum allocation. Effective date. Emergency.

SB 251 expands eligibility for Oklahoma county mental health and substance abuse funding to include employment, education, and housing programs alongside existing treatment services. It requires the state to allocate at least 0.5% of total funds to each county government or multi-county partnership applying for grants. The bill also mandates annual reports to legislative leaders detailing funding distribution and services provided. These changes aim to broaden community-based support options while ensuring minimum funding for all participating counties.

Topics ✓ HealthcareSupports HealthcareExpands mental health funding eligibility to include housing/employment programs and mandates 0.5% county allocations, directly strengthening community-based services.95% confidence ✓ HousingSupports HousingExpands mental health funding to include housing programs and mandates 0.5% allocation for housing services, directly funding housing support within community-based services.92% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

signed · Oklahoma · House May 14, 2025

HB 1549: Public finance; private activity bond allocation; definitions; pools; application; effective date.

HB 1549 modifies Oklahoma's allocation system for private activity bonds, which are tax-exempt bonds used to fund projects like housing and economic development. It redefines key terms and adjusts how the state's annual bond issuance limit ("state ceiling") is divided into specific pools, including increasing the Student Loan Pool to 15.5% and creating new pools for beginning agricultural producers and rural housing. These changes affect state agencies, local governments, housing authorities, and other bond issuers that rely on tax-exempt financing for projects like affordable housing, student loans, and economic development. The bill specifies that allocations from certain pools require approvals from the Oklahoma Department of Commerce or the Council of Bond Oversight. It became law on May 14, 2025, without gubernatorial action.

Topics ✓ HousingSupports HousingCreates new rural housing pool in bond allocation system, directing tax-exempt bonds toward housing development projects per bill summary.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

vetoed · Oklahoma · Senate May 13, 2025

SB 333: Oklahoma Housing Authorities Act; modifying definition.

SB 333 amends Oklahoma's Housing Authorities Act to update the definition of "area of operation" for city housing authorities. It specifically allows active, certified city housing authorities to use American Rescue Plan Act (ARPA) and Coronavirus State and Local Fiscal Recovery Funds (SLFRF) for projects anywhere in the state until December 31, 2027, provided they consult with the city, county, and other housing authorities in the project area. This change applies only to ARPA/SLFRF-funded projects and does not alter existing boundaries for other housing initiatives. The amendment becomes effective November 1, 2025.

Topics ✓ HousingSupports HousingAllows housing authorities to use ARPA/SLFRF funds for statewide housing projects until 2027, advancing funding for housing initiatives without restrictions.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

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signed · Oklahoma · Senate May 12, 2025

SB 681: Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

SB 681 amends Oklahoma's property tax notice requirements to ensure homeowners with homestead properties receive clear information about value limits. Specifically, it requires county assessors to include details on applying for a "limit on fair cash value" (a homestead property tax cap) in written notices when property valuations increase. This applies directly to Oklahoma homeowners whose primary residence qualifies as a homestead under state law. The bill does not change tax rates but improves transparency in the notification process for affected property owners.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires notices to include homestead tax cap application info, enabling homeowners to access existing property tax relief without changing rates.90% confidence ✓ HousingSupports HousingBill requires tax notices with homestead cap info, helping homeowners avoid sudden tax increases and maintain housing affordability for primary residences.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

passed · Oklahoma · House Apr 17, 2025

HB 2745: Revenue and taxation; banking privilege tax; deductions; effective date.

HB 2745 creates new tax deductions for Oklahoma banks and credit unions that earn interest on qualifying agricultural and housing loans. It allows institutions to deduct up to $500,000 annually (for those with over $750 million in Oklahoma deposits) or $250,000 (for smaller institutions) from their privilege tax bill. The deductions apply to interest earned on agricultural real estate loans, agricultural operating loans, and single-family residence loans made between 2025 and 2028. Total deductions across all institutions are capped at $5 million per year, with annual adjustments to maintain this limit.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax deductions for large banks/credit unions, reducing government revenue via privilege tax breaks, aligning with 'tax breaks primarily for wealthy'.95% confidence ✓ HousingSupports HousingCreates tax deductions for banks making qualifying housing loans (single-family residences), incentivizing lending to advance housing development and affordability.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

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passed · Oklahoma · House Apr 1, 2025

HB 1177: Property; Prohibition of Unfair Service Agreements Act; recording; notice; residential real estate owners; title companies; void if recorded; effective date.

HB 1177 prohibits recording "unfair service agreements" related to residential real estate in Oklahoma property records. It requires county clerks to refuse such recordings and states that any accidentally recorded agreement is void and provides no notice to buyers, creditors, or title companies. The bill directly affects residential property buyers, title companies, and owners by preventing hidden service agreements from appearing in public records. It becomes effective November 1, 2025, and ensures these agreements cannot legally bind future property owners.

Topics ✓ HousingSupports HousingPrevents hidden unfair fees in property records, protecting buyers from unexpected costs and promoting transparency in residential transactions.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

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