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Organization

Oklahoma City Housing Services Redevelopment Corporation,

The Oklahoma City Housing Services Redevelopment Corporation is a nonprofit affordable-housing developer.

Drafted from linked OSC reporting — not yet reviewed by an editor Published Updated 2 published revisions

The Oklahoma City Housing Services Redevelopment Corporation is a nonprofit organization, led by executive director Sheryl Lovelady, that develops affordable housing using federal funds matched with "sweat equity" credits earned through 1990s-era Habitat for Humanity volunteer work in the Logan County communities of Coyle, Crescent, and Marshall.

Notable projects

In March 2024, Logan County Commissioners approved the nonprofit's request to use its sweat equity credit reserve as a match for $616,000 in federal funds, a 2-1 vote with Commissioner Charlie Meadows dissenting over concerns about federal overspending. The Oklahoma Housing Finance Agency approved the award that July. Using the funding, the organization acquired lots in Guthrie's Capitol Hill townsite, in the 1300 block of East Cleveland Avenue, to build homes for buyers whose income does not exceed 80 percent of Logan County's median income. According to the nonprofit's 2022 IRS filings, it reported net assets of $1.1 million and annual revenue of $885,000.

Evidence

Sources and further reading

  1. News story County Commissioner Casts Rare No Vote
    The Oklahoma State Capital · March 29, 2024
  2. News story Controversial Federal Housing Project Advances on Guthrie’s East Side
    The Oklahoma State Capital · November 27, 2024
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UPDATE EDMOND OKS MORE LEGACY HOUSING: THE EDMOND CITY COUNCIL APPROVED UP TO 850 APARTMENTS AND TOWNHOMES AT LEGACY AT COVELL, AS DEVELOPERS SAY ADDED HOUSING WILL SUPPORT THE PROJECT’S EXPANDING RETAIL PLANS. NOTICE THE OKLAHOMA STATE CAPITAL HAS OPENED APPLICATIONS FOR ITS FIRST-EVER STANDING VOTER PANEL, AN INITIATIVE DESIGNED TO GIVE GRASSROOTS VOTERS A PUBLIC VOICE IN OKLAHOMA’S STATEWIDE POLICY DIALOGUE. BREAKING LOGAN COUNTY BURN BAN: COMMISSIONERS APPROVED A COUNTYWIDE BURN BAN FOR UP TO 14 DAYS AS SEVERE-TO-EXTREME DROUGHT CONDITIONS CONTINUE. UPDATE ALL-STATE GAMES BOOST EDMOND: THE OKLAHOMA COACHES CLINIC AND ALL-STATE GAMES BROUGHT HUNDREDS OF ATHLETES AND THOUSANDS OF VISITORS TO EDMOND. THE EVENT IS SET TO RETURN FOR THE NEXT TWO YEARS. UPDATE THE CURBSIDE SOUTHBOUND LANE OF DIVISION STREET IS CLOSED AT THE NEW MCDONALD’S CONSTRUCTION SITE AS LARGE CREWS CONTINUE WORKING ON THE PROJECT.