Norman affordable housing project takes big step with more funding

Norman Affordable Housing Project Receives Funding Boost

An affordable housing project in Norman, Oklahoma, has recently received additional funding in the form of tax credits from the Oklahoma Housing Finance Agency. This project, which has been in development for several years, aims to address the shortage of affordable housing in the city.

Project Details

• Location: The development will be situated on a nearly five-acre site off Imhoff Road, east of Classen Boulevard.
• Size: It will be the largest investment in affordable housing in Norman’s history.
• Units: The $70 million project will consist of 75 units, with 40 of them being one-bedroom units.
• Affordability: The housing is targeted towards individuals earning between 30% and 60% of the area’s median income.

Sustainable Development Goals (SDGs)

The Norman Affordable Housing Project aligns with several Sustainable Development Goals (SDGs) set by the United Nations, including Goal 11: Sustainable Cities and Communities, which aims to make cities inclusive, safe, resilient, and sustainable.

Community Impact

City officials believe that this project will have a significant impact on the community by addressing the shortage of housing units in Norman. The development will accept Section 8 vouchers and offer varying rent prices based on residents’ income levels.

Future Plans

The project represents a 40-year commitment to ensuring affordability in the community. Additionally, $5.5 million in ARPA funds have been allocated to support the project, with plans to create a revolving fund for future affordable housing initiatives.

Neighbor Concerns

While some neighbors have expressed concerns about the proximity of the development and the level of supervision, city officials are committed to addressing these issues and ensuring that the project benefits the community as a whole.

Conclusion

The Norman Affordable Housing Project represents a significant step towards achieving sustainable and inclusive urban development in the city. By providing affordable housing options and addressing housing shortages, the project contributes to the overall well-being and prosperity of the community.

## SDGs, Targets, and Indicators Analysis

### 1. Sustainable Development Goals Addressed
– **Goal 11: Sustainable Cities and Communities** is addressed in the article as it discusses the development of affordable housing in Norman, Oklahoma.

### 2. Specific Targets Identified
– **Target 11.1:** By 2030, ensure access for all to adequate, safe, and affordable housing and basic services.
– **Target 11.2:** By 2030, provide access to safe, affordable, accessible, and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons with disabilities, and older persons.

### 3. Indicators for Measurement
– The article mentions the shortage of about 9000 housing units in Norman, indicating a need for affordable housing.
– The project aims to provide housing for those earning between 30% and 60% of the area’s median income, indicating efforts towards ensuring affordability.

### 4. Table Presentation

| SDGs | Targets | Indicators |
|————————————-|———————————————————————————————|————————————————————————————————–|
| Goal 11: Sustainable Cities and Communities | Target 11.1: By 2030, ensure access for all to adequate, safe, and affordable housing and basic services. | Shortage of about 9000 housing units in Norman. |
| | Target 11.2: By 2030, provide access to safe, affordable, accessible, and sustainable transport systems for all. | Housing for those earning between 30% and 60% of the area’s median income. |

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Fuente: kfor.com

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