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Bank of Oklahoma is committed to being an active participant in the communities we serve.

Through the relationships established with our community partners, we help to promote activities such as providing affordable housing for low- and moderate-income individuals, promoting small business development efforts and providing financial education and driving revitalization projects.

Our mission is to help low-and moderate-income individuals build assets and create wealth, which help stabilize and revitalize our communities.

We offer financing for the construction, renovation and preservation of affordable housing. These loans are available to investors and developers of affordable housing in the low- and moderate-income neighborhoods where we do business.

  • Construction Financing: We provide construction and permanent financing projects that target affordable housing to those who earn 80% or less of the area-median income.
  • Tax Credit Projects: Construction, interim, permanent, bridge financing and equity investments for development of tax credit-eligible housing.
  • Federal Home Loan Bank Affordable Housing Program Subsidy: The Federal Home Loan Banks' Affordable Housing Programs (AHPs) provide developers and their non-profit/public agency partners with gap financing (in the form of direct subsidies or subsidized advances) for affordable multi-family and single-family projects.

    Program Requirements:

    • AHP funds are awarded through two highly competitive applications rounds during the year. A project sponsor may receive a subsidy from a Federal Home Loan Bank if the project:
    • Targets low- and very-low-income households (minimum 20% of units at or below 50% AMI; preferably 60% at 50%)
    • Is financially feasible and demonstrates a need for the AHP subsidy
    • Enhances the community
    • Includes economic-empowerment services


  • Not-For-Profit Lending: We provide financing for community-based, not-for-profit organizations in human and social services and special needs populations, as well as houses of worship.

    We offer the following types of financing:

    • Project Finance: Finance acquisition, construction and commercial mortgages, program facilities, special needs housing and other projects.
    • Houses Of Worship: A program to finance improvements to sacred space of existing congregations in low- or moderate-income areas.

Credit is subject to approval. Normal credit standards apply. Programs, rates, terms and conditions are subject to change without notice.

BOKF Community Development Funds invest in funds that provide intermediary financing to businesses that have historically not been able to readily access the capital markets therefore providing capital for small businesses to grow and succeed.

We invest in the following type of community development funds:

  • Funds that focus on low- and moderate-income individuals and geographies or that promote other economic development initiatives such as New Market Tax Credit funds
  • Funds that have been licensed as Small Business Investment Companies (SBICs)

Community Development Financial Institution (CDFIs): By Investing in CDFI, we support neighborhood-based, for-profit and nonprofit financial institutions that provide critical capital and financial services to underserved communities.

Low Income Housing Tax Credit Investments (LIHTCs): We are an equity investor in rental housing for low- and moderate-income individuals and families. By investing in Low Income Housing Tax Credit projects, the bank can invest in affordable housing initiatives that have sustainable impact in our communities where we do business.

Grants and Contributions: Bank of Oklahoma provides financial assistance to help fund many organizations that administer community service programs to low- and moderate-income individuals, revitalize and stabilize low- and moderate-income areas, provide homebuyer and financial education, as well as many other services that help to strengthen the communities in which we serve.

Bank of Oklahoma works with its community partners to provide financial education classes for adults and students to help individuals and families build assets and create wealth.

  • Money Smart: Developed by the FDIC, the Money Smart curriculum is a 10-module financial education program for adults that cover topics from basic banking to homeownership.
  • National Endowment for Financial Education: The NEFE curriculum is specifically designed to teach banking and budgeting basics to high school students, and is a very effective, interactive way of teaching students the importance of money management.


Our CRA Rating

The federal Community Reinvestment Act (CRA), enacted in 1977, requires banks to help meet the credit needs of the communities they serve, including low- and moderate-income communities.

BOKF, NA, doing business as Bank of Oklahoma, which is subject to the regulation has an "Outstanding" CRA rating.

See Report

Our Fair Lending Promise...

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© 2016 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.