October 1979
OHFC was created in accordance with the Texas Housing Finance Corporations Act
December 1979
Issued a Single Family Revenue Bond worth $39,875,000
April 1983
Issued a Loan to Lender Revenue Bond worth $7,830,000
September 1990
Issued a Single Family Revenue Bond worth $9,500,000
November 1992
Issued a Single Family Revenue Bond worth $21,719,000
1991-1992
Purchased and renovated Lincoln Tower Retirement. Later being sold in February 1998.
1996-2003
Developed and Managed UTPB Student Housing facilities. OHFC was bought out by UTPB in 2003
1994-October 1999
OHFC joined with the City of Odessa to develop the Hendley Subdivision. This is a 53 home subdivision located in South Odessa.
2000-2003
OHFC purchased 13 lots on West Clements Street to develop low to moderate income houses, later to be named after Ernest R. Martinez.
1999-2003
On our search of affordable housing, we acquired 18 lots in West Odessa where we developed and sold homes as low as $50,000.
2002-2004
We acquired two lots in North Central Odessa where we constructed new homes and sold for $60,000. At this time, we also acquired three HUD repo's that we rehabbed and sold.
2002-2006
OHFC spent this time purchasing existing houses and HUD repo's to rehab and sell on the East side of Odessa. We also purchased six lots on Beechwood where new homes were constructed and sold from $70,000 to $82,500.
July 2003
OHFC became a credit counseling services provider. To date we have helped over 300 clients.
December 2003
With approval of our board of directors, OHFC began making mortgage loans to clients who struggled with qualifying for other loans.
2004-currently
We have been developing and rehabbing affordable homes across Odessa. To date, we have sold around 180 homes.
2014- currently
OHFC has been developing the Estates on 87th. This community will have affordable apartments, town homes, single-family homes, senior living and retail.
2015-2016
We purchased four homes throughout 2016 that were rehabbed and are currently rental homes through OHFC.
2012-2016
OHFC purchased 16 lots on Coronado Avenue and 6 lots on Copus Circle. They were developed and sold as affordable single-family homes.