House Bill No. 2189 establishes the Oklahoma Workforce Housing Commission, which will consist of fifteen members appointed by the Governor, the President Pro Tempore of the Senate, and the Speaker of the House of Representatives. The Commission is tasked with addressing the housing needs of various income groups, including extremely low-income, very low-income, low-income, moderate-income, and middle-income households. It will operate under the Oklahoma Open Meeting Act and is required to submit an annual report to the Legislature starting December 1, 2026. The bill also outlines the qualifications for Commission members, their appointment terms, and allows for travel reimbursement under the State Travel Reimbursement Act.

Additionally, the Oklahoma Housing Finance Agency is authorized to create rules for a comprehensive housing needs assessment, an annual affordable housing report, and a long-term state plan for expanding workforce and affordable housing. The bill creates the Oklahoma Workforce Housing Commission Revolving Fund, which will be used to improve housing stock and affordability in Oklahoma. However, no funds from this revolving fund can be budgeted or expended before July 1, 2025, or until the Legislature approves the Commission's permanent rules. The act is set to take effect on November 1, 2025.