Tulsa City Taking Affordable Housing Trust Fund Applications

Tulsa OK

06 December, 2020

10:26 AM

Description

Press release from City of Tulsa: December 4, 2020 The City of Tulsa's Affordable Housing Trust Fund will soon be operating to produce and preserve affordable housing projects citywide. Applications for interested parties wanting to apply for loans, grants and developer assistance – as well as applications for agencies interested in applying for grants to administer landlord incentives and direct rental assistance- can be found at www.cityoftulsa.org/housing. "This trust fund is a key component of our Affordable Housing Strategy, which aims to give Tulsans access to decent, safe, and appropriate housing to meet their needs," City of Tulsa Housing Policy Director Becky Gligo said. "We're confident it will help to strengthen historically underserved neighborhoods and uphold our commitment to provide the type of assistance needed to move this work forward." The fund will be used for the acquisition, new construction, reconstruction, and rehabilitation of affordable housing through loans, grants, and developer assistance. It will also be used for landlord incentives and direct rental assistance through agencies that serve landlords and tenants. It will support competitive proposals to uphold the City's commitment to neighborhood stabilization, revitalization, and wealth building for all residents. Through the Affordable Housing Trust Fund, the City of Tulsa aims to provide quality housing for all Tulsans, including immigrant Tulsans, justice-involved Tulsans, persons who have previously been evicted, and the many others who are ineligible for federally funded housing programs. Applications will be accepted beginning January 2021 and will be reviewed in January and February 2021 by the Affordable Housing Trust Committee. Grant and loan negotiations will take place from March through May 2021 and initial distributions made. This press release was produced by the City of Tulsa. The views expressed here are the author's own.