Tulsa launches Saving Our Homes initiative to assist low-income homeowners with tax debt

During a recent meeting of the Tulsa Women's Commission, significant discussions centered around the Saving Our Homes initiative, a program designed to assist residents at risk of losing their homes due to tax debt. This initiative addresses a pressing issue in Tulsa, where the complexities of passing properties through generations often lead to difficulties in keeping up with property taxes.

The Saving Our Homes initiative offers eligible low-income households up to $4,000 to help clear property titles or pay back taxes. This financial support aims to help long-time Tulsans retain their generational homes, which are often at risk due to financial hardships. To qualify, applicants must live in a designated census tract as defined by the U.S. Department of Housing and Urban Development (HUD), earn less than 60% of the area median income, or reside in areas where over 25% of potential beneficiaries fall below the federal poverty line.

This program is funded by the city of Tulsa through the American Rescue Plan Act, in collaboration with the Tulsa Economic Development Corporation (TEDC). Residents interested in applying can begin the process online at the TEDC website, with the application period closing on August 31. The commission emphasized the importance of early application to ensure that those in need can access this vital support.

For further inquiries about the Saving Our Homes initiative, residents can contact the TEDC directly at (918) 585-8332. This initiative represents a crucial step in addressing housing stability for vulnerable populations in Tulsa, highlighting the city's commitment to supporting its residents during challenging times.