The Tulsa Authority for Economic Opportunity (TAEO) will host a virtual information session on the Affordable Housing Trust Fund on Wednesday, January 19, 2022 at 12pm. This is a rescheduled time for the meeting that was originally scheduled for Monday.
The Affordable Housing Trust Fund is a city-wide fund for production and preservation of affordable housing through affordable rental housing development loans as well as grants for homebuyer assistance, landlord incentives, and rental assistance programs to further the City of Tulsa’s mission to create quality housing opportunities for all Tulsans that respect and honor the unique needs and characteristics of each neighborhood and its residents.
For landlords and developers, the Affordable Housing Trust Fund provides gap financing in the form of zero interest loans for new construction, rehabilitation and preservation projects to increase the stock of affordable rental housing in Tulsa. For example, TAEO approved a $187,000 Affordable Housing Trust Fund development loan to HBSY Properties for the rehabilitation of 10 affordable housing projects in North Tulsa this year. HBSY Properties, a local developer with ties to the North Tulsa community, will receive the funds as reimbursements for individual housing projects. To learn more about the Affordable Housing Trust Fund development loan to HBSY, watch this brief video: https://www.youtube.com/watch?v=n31h2Kys7RE
If you are interested in applying to the Affordable Housing Trust Fund, you must attend an information session or view a recording of an information session prior to submitting an application. Register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_54pUbqNuQrejHYauoC2leA. After registering, you will receive a confirmation email containing information about joining the webinar.