The Tulsa Authority for Economic Opportunity (TAEO) Board of Trustees approved two Affordable Housing Trust Fund grants to non-profits for rental assistance programs. Restore Hope will receive a grant of $500,000 and Housing Solutions will receive a grant of $50,000 to create Affordable Housing Trust Fund Rental Assistance Programs. To be eligible for assistance from the Affordable Housing Trust Fund Rental Assistance Programs, tenants must:
- Be a resident of the City of Tulsa;
- Have a household income at or below 60% the Average Median Income (AMI) as determined annually by the US Department of Housing and Urban Development (HUD); and
- Need assistance with payment of rent and utility costs to avoid eviction, remain stably housed, or obtain housing to become stably housed.
There is no requirement that the tenant’s financial hardship be related to the COVID-19 pandemic. Priority for assistance will be given to tenants who are not eligible for other available rental assistance programs or renting from a landlord participating in the City of Tulsa’s Gold Star Landlord Program.
For more information on these programs, watch these short videos: