From The Journal Record:
The City Council on Tuesday unanimously approved a revised resolution providing $1.25 million to help build one of the largest affordable housing developments in decades.
The Oklahoma City Housing Authority and its nonprofit arm, the Community Enhancement Corp., requested the money to fill the funding gap for phase one of the Creston Park Neighborhood Affordable Housing Project. The three-phase development will be built along Martin Luther King Avenue between NE 26th and NE 29th streets.
The city’s Economic Development Trust approved the $1.25 million allocation in July. The City Council delayed action on the item until language was added requiring OCHA to submit monthly reports that will give the City Council additional oversight.
Read The Journal Record's article "Housing project draws funding," featuring the Oklahoma City Housing Authority.