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Oklahoma Bill Would Require Voter OK for LIHTC Developments

Friday, February 7, 2003 - 1:45AM

Apartment developers in Oklahoma who use low-income housing tax credits (LIHTC) to finance their developments will have to get voter approval before starting development under a state law proposed last month by Rep. Kevin Calvey (R-Del City). House Bill 1561, if approved, would require developers who want to build low-income housing with the help of LIHTCs to notify residents who live within the six square miles that surround the proposed development. Those residents would then have to approve the housing in a public vote that would be funded by the developer. Click here to read the text of the legislation.

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