Sen. Avery Frix’s Press Releases

OKLAHOMA CITY – Sen. Avery Frix, R-Muskogee, held an interim study Tuesday examining how properties developed through the Low-Income Housing Tax Credit (LIHTC) program are valued for property tax purposes and how Oklahoma can ensure its tax policies don't unnecessarily drive up the cost of housing.

The LIHTC program, also known as Section 42, provides federal tax credits to developers to help finance rental housing. In exchange, properties are subject to long-term restrictions on rents and tenant eligibility.