At its July 2021 regular board meeting, the Tulsa Authority for Economic Opportunity (TAEO) approved four Affordable Housing Trust Fund grants to go to nonprofits to help landlords with unpaid rent and repairs.
Approved grants include:
The Affordable Housing Trust Fund is a citywide fund for production or preservation of affordable housing through affordable rental housing development, homebuyer assistance, landlord incentives, and rental assistance. The Affordable Housing Trust Fund is a key tool in the implementation of the Affordable Housing Strategy to make the City of Tulsa an economically thriving, inclusive community with quality housing opportunities for all of its residents.
"The Affordable Housing Trust Fund landlord incentive grants will help programs recruit landlords to provide quality housing opportunities for low-income tenants who are struggling with housing instability," said Kristin Maun, Director of Housing Development and Incentives for TAEO. "Low-income tenants, especially those with a history of eviction, can experience barriers to accessing housing. Through landlord incentive programs, agencies can help tenants obtain safe, affordable housing while providing support for landlords who rent to low-income tenants.
The Tulsa CARES and Housing Solutions' Landlord Guarantee Funds will reimburse landlords for unpaid rent, utilities and property damages. Tulsa CARES' fund will help tenants living with HIV or Hepatitis C and the Housing Solutions' fund will help tenants experiencing homelessness access safe, quality housing opportunities.
The Make Ready Team grant Housing Solutions received will help landlords make minor property repairs to prepare a property for a tenant receiving services from Housing Solutions.
Landlord incentives will only be available to landlords and property managers participating in the City of Tulsa's Gold Star Landlord Program, a free and voluntary program that provides rewards to landlords who engage in the best rental practices. For more information on the Gold Star Landlord Program, visit http://www.cityoftulsa.org/landlords.
The TAEO Board also approved rental assistance grants to Restore Hope and Housing Solutions, which will supplement existing rental assistance programs and help tenants who do not qualify for assistance from federally funded programs.
About Tulsa Authority for Economic Opportunity
The Tulsa Authority for Economic Opportunity (TAEO) formally launched in July 2021 and seeks to increase economic opportunity in Tulsa through the strategic management of public assets and resources. The Authority streamlines and strengthens the City’s economic development efforts through the merging of the Mayor’s Office of Economic Development (MOED), Tulsa Industrial Authority (TIA), Tulsa Parking Authority (TPA), and Economic Development Commission (EDC) into a single, enhanced Public Trust. TAEO is governed by a 13-member Board of Trustees and provides staffing for, and oversees the operations of, the Tulsa Development Authority (TDA).