Oklahoma County Housing Finance Authority Executive Director David told trustees the authority originated $24,736,003.37 in loans in 2024 and that the mortgage credit certificate (MCC) program resumed this year, producing two MCC-backed deals totaling $551,139.

David said the authority originated about 150 housing units in the past 12 months, compared with 114 the previous year. He reported that loans in the program have tended to serve borrowers with high credit scores and low delinquency: "100% of our loans in the last 18 months have had a credit score of 700 or higher," he said, and the authority had no delinquent loans in the 24‑month origination period he described.

David told trustees the program qualified for tier‑1 pricing from U.S. Bank, which he said is the lender's best pricing for a local housing finance agency. He also said the authority has been adding lenders to the program; "we have added 10 lenders so far in 2025," he reported.

Raymond James representative Mark O'Brien provided a separate calculation during the meeting, saying the 30‑day average loan size had moved to about $255,000. David said overall average loan size (from the authority's report) was just under $200,000 and that 82.91% of loans went to loan‑to‑value ratios of 95% or higher.

No formal action was taken; David concluded by offering to circulate supplemental numbers and a written report to trustees.

Why this matters: Local housing finance activity and the reinstatement of the MCC program affect the authority's ability to support first‑time homebuyers and shape lender participation and pricing that can influence affordability.

Trustees asked follow‑up questions about unit counts and average loan amounts; David said he would circulate the detailed figures when available.