Affordable Housing Trust Fund

The Affordable Housing Trust Fund is a city-wide fund for the production and preservation of affordable housing to further the City of Tulsa’s mission to create quality housing opportunities for all Tulsans. Through Affordable Housing Trust Fund programs, residents receive the resources they need to move from homelessness to homeownership.

The Affordable Housing Trust Fund provides loans and grants through the following programs: affordable housing development loans, homebuyer assistance grants, landlord incentive grants and rental assistance grants. Learn more about each of these below.

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Affordable Housing Development Loans

These loans provide gap financing in the form of zero-interest loans for the production and preservation of affordable rental housing, including new construction and rehabilitation projects. Housing is deemed affordable in Tulsa when the rent of a specific property is less than 30 percent of the household’s annual income that is less than 60 percent of the Average Median Income (AMI).

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Homebuyer Assistance Grants

The Affordable Housing Trust Fund will provide grants to agencies for homebuyer assistance programs. Increasing homeownership opportunities is essential to expanding opportunities for savings and wealth building, protecting residents from displacement in areas likely to be affected by gentrification, and honoring the City of Tulsa’s commitment to equitable community development.

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Landlord Incentive Grants

Through the Affordable Housing Trust Fund, TAEO funds landlord incentive programs through grants to community partners. Landlord incentives provide rewards and benefits to landlords who provide quality housing opportunities to tenants experiencing barriers to housing, such as a history of eviction.

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Rental Assistance Grants

The Affordable Housing Trust Fund provides grants to community partners for rental assistance programs to help tenants become or remain stably housed. Rental assistance will further the City of Tulsa’s mission to create quality housing opportunities for all Tulsans and honor its core value of housing as a human right.