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HUGO, OKLAHOMA -- In six months time, this red dirt will be the foundation for 25 brick houses.
"It's very exciting and we're very very pleased," Hugo City Manager Jeff Rabon said.
Hugo qualified for federal funding allocated through the Oklahoma Housing Finance Agency. The funding helped attract Sunview Development to build this affordable housing neighborhood.
"There's a huge need for good housing in rural Oklahoma," Lance Windel with Sunview Development said.
But not everyone can move into these homes; you have to meet income requirements. For those people moving into a single person home, they must make $18,000 or less, with higher income thresholds for families.
"After you income qualify for these properties, you don't ever have to qualify again. So if you get a promotion in your job or anything like that, you still qualify. They want you to better yourself," Teresa Lucas with Sunview Development said.
These homes are rentals that provide a path to home ownership.
"The house remains a rental for 15 years, but after year five, a portion of the rent every month can be used as a down payment at year 15 to purchase the house," Windel said.
Rabon says more homeowners means a higher tax base.
"That's the tax base ad valorem for our schools that helps fund services, emergency services, hospitals and things of that nature," Rabon said.
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
Posted: 05/06/13 - SHERMAN, TEXAS—Members of the Austin College Class of 2013 are counting down the days until graduation—with both excitement and trepidation. Austin College President Marjorie Hass will present diplomas to more than 340 bachelor’s degree candidates and 18 Master of Arts in Teaching degree candidates who will take part in graduation events May 18 and 19 on campus. Read More
