The Housing Finance Agency is overseen by a 5-member Board of Trustees as appointed by the Governor of Oklahoma on staggering terms.

As of February 2021, the Board of Trustees is as follows: [2] OHFA started with 12 district field agents hired to implement the Rental Assistance program.

OHFA administers the Housing Choice Voucher program for low-income individuals and families in need of assistance in paying rent.

The vast majority (63%) of OHFA revenue derives from federal funding from the United States Department of Housing and Urban Development.

[3] OHFA has been recognized with an Oklahoma Quality Award and is a member of the National Conference of State Housing Agencies.