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HFA rescinds $250,000 ARPA award to Progress OKC; board directs staff to issue RFP
Summary
The authority rescinded a $250,000 American Rescue Plan Act award to Progress OKC after the applicant withdrew; trustees directed staff to issue a 60‑day RFP to reallocate the funds.
Trustees voted to rescind a previously awarded $250,000 American Rescue Plan Act (ARPA) award to Progress OKC after staff reported Progress OKC withdrew its original proposal because it could not secure parcels without spending the awarded amount on acquisition and demolition.
David explained the authority originally awarded funds to five projects: a $1 million award to Ally's Inn for a 214‑unit apartment project (under construction)…
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