HIP 2.0 — Housing Incentive Program

About the Program

In June 2021, the Ponca City Utility Authority Board of Trustees approved a resolution re-establishing a financial incentive program to spur housing activity in Ponca City. A total of $300,000 was initially set aside to fund the program.

Unlike older HIP versions limited to new single-family construction, HIP 2.0 broadens eligibility to include the rehabilitation of existing buildings and multi-family housing units — encouraging the adaptive reuse of older properties, including downtown commercial buildings with vacant upper floors.

HIP 2.0 also encourages the development of buildable lots to create new residential subdivisions within the City.

How It Works

Qualified developers execute a development agreement with PCUA detailing the scope of work and what is expected of each party in exchange for the financial incentive.

“The PCUA shall annually appropriate a set aside in the amount of $300,000.00 for the sole and only purpose of providing financial incentives to qualified developers who construct new or rehabilitated housing units in accordance with the resolution provisions. The annual set aside may be increased, decreased, or terminated in the future by the PCUA Trustees as necessary.”

Eligible Projects