[{"_1":2,"_122":-5,"_123":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99,110],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6660156,"mediaKeyId","2437864-4642cba4b9b6f5991a14dc7be12f78ae","parentId",2437864,"title","Staff updates trustees on TIF district progress, strategic planning and planned outreach","audioSeconds",384,"startMs",4096000,"endMs",4480000,"viewUrl","/Search/View?dp=1&key=2437864-4642cba4b9b6f5991a14dc7be12f78ae&start=4096&end=4480","thumbnailUrl","https://assets.pipeline.soar.com/2437864-4642cba4b9b6f5991a14dc7be12f78ae/thumbnail_4096000.jpg","articleUrl","/articles/6660156/Tulsa/Tulsa-County/Oklahoma/Staff-updates-trustees-on-TIF-district-progress-strategic-planning-and-planned-outreach","mediaUrl","https://secure.pipeline.soar.com/6660156-9ca30ca832807ee11f1ef358205e39b6/orig.mp4?Expires=1771162438&Signature=lawB3BAX5cUqCj4Y6buRyQzbWWkuR~vAtVO8U9H0jkvYenVu1jew65xODZJspiJSsrUuLsB9OYqROtuTQDi8M8xkDnXav-5r~enEYqnrT-h85SHVceiPpM0X7v42HMjCYldghqs6sU78-TpN~BMoIzqLRn~0iGHuy31KfOpbqzJLU2G4ulC-30j-PGwnzVMWziR5E4fTDtGMwatIgvTGNz3kTbzdnpmnoMKIB99wDL9H68DBzgPAWmb60s2aFV3mOjgUnMATESYrdmo2l4CCyV~czO~6Fqd5gxbozlLlpFg8FlwDCAOyHavucQ0O9eVacwTVFkH8A4iDTGQJyQ5XkQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Tulsa","date","2025-02-27T09:00:00Z","article","Agency staff provided trustees with a multi-part update on three tax-increment financing (TIF) district project plans, the authority's strategic-planning timeline, and plans to improve public-facing communications.

Karen and Mike described a recent city-council step to authorize convening local development act review committees for two districts (Southern Villa and Pearl District). Staff said the third district had been deferred by a property owner for additional refinement. The convening step triggers outreach to affected taxing jurisdictions and a multi-step statutory review process that includes meetings of the LDARC, planning commission and public hearings before city council; staff said they expect the process to take a few months and that two of the project plan authorizations were approved the night before by City Council.

Mike Dickerson and other staff told trustees the three TIFs together could support roughly 1,815 new housing units and approximately $285 million in total project investment across the districts, and staff reported that they will begin convening taxing jurisdictions and LDARCs in coming weeks.

The board also reviewed staff work on a new strategic plan and several draft visual frameworks — including pyramid, octopus and tree metaphors — intended to show how housing, small business and job attraction activities interrelate. Trustees discussed committee roles and requested a clearer public-facing graphic that emphasizes community outcomes. Staff said they plan to pursue deeper forecasting work in Q2 and produce a three-year strategic plan this calendar year.

Trustees asked for a regular update cadence for TIF activity and requested that staff include property owners and neighborhood stakeholders in early outreach; staff also said the city maintains a public TIF web page and that project materials will be posted there during the review process.","mediaType","Video","parentTitle","Tulsa - Tulsa Authority for Economic Opportunity/Tulsa Development Authority - Feb 27, 2025","oneSentenceSummary","Staff reported progress on three TIF districts, said two had council authorization to convene local review committees and one was deferred for further refinement; the board also reviewed draft strategic-plan visuals and requested further work on messaging and committee roles.","taxTitle","Tulsa, Tulsa County, Oklahoma","taxId",2682,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6660160,"Authority approves $184,800 amendment to fund two staff positions for remainder of fiscal year",111,282000,393000,"/Search/View?dp=1&key=2437864-4642cba4b9b6f5991a14dc7be12f78ae&start=282&end=393","https://assets.pipeline.soar.com/2437864-4642cba4b9b6f5991a14dc7be12f78ae/thumbnail_282000.jpg","/articles/6660160/Tulsa/Tulsa-County/Oklahoma/Authority-approves-184800-amendment-to-fund-two-staff-positions-for-remainder-of-fiscal-year","https://secure.pipeline.soar.com/6660160-740c0c61631f1218b3ee890a1a1133e0/orig.mp4?Expires=1771162438&Signature=nY5igCLWBP1xHMKG-kSj81IHSG~ixX9JuihfjWD7As-V3P81inlLyvMZTkaZ9mNw~4~VORvYJlQ~JHbrmeMwnY9p1kPx4mR6U7ofeju4hxDMIMCqBr9AcaICS8WLNE9WHjbCa7EopvEM1E01rja8sZ4wl~m-UHaOTerl~IhbgAcGkYgQl9kp6lvMPsVPSxYAbagcq~QpnuM9sivw4aoXEl~HZhngIoo9UJWy731R6UY1n7DsrvFeOiPjmafHXv17tKf0CZZRT73eSI0G6nWg17LPfbtKBw0TtIW0FisyvYX4Lg-4J1VFB9FPA76P1w0nPF6XqrvxcQdwZQ4vysZkBg__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Authority for Economic Opportunity approved a budget amendment totaling $184,800 to fund two personnel positions for the remainder of the fiscal year.

Lynn Kenny told trustees the amendment covers the estimated cost to fund two positions for the rest of the fiscal year for \"Renita and myself\" (staff speaker identified changes). Kenny said the money will come from the operating fund balance and noted the request had been discussed previously at the finance and budget study session earlier in the month.

Trustees moved, seconded and approved the amendment by roll call. The amendment does not change staffing policy but provides the operating budget to pay for the positions through the current fiscal year, staff said.","Trustees approved a budget amendment of $184,800 to fund two personnel positions for the remainder of the fiscal year; staff said funds will come from the operating fund balance.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6660165,"Affordable Housing Trust Fund: $12.5M deployed to date; second funding round shows larger unit yields, staff says",774,1197000,1971000,"/Search/View?dp=1&key=2437864-4642cba4b9b6f5991a14dc7be12f78ae&start=1197&end=1971","https://assets.pipeline.soar.com/2437864-4642cba4b9b6f5991a14dc7be12f78ae/thumbnail_1197000.jpg","/articles/6660165/Tulsa/Tulsa-County/Oklahoma/Affordable-Housing-Trust-Fund-125M-deployed-to-date-second-funding-round-shows-larger-unit-yields-staff-says","https://secure.pipeline.soar.com/6660165-42c767b693fa47cbad551ebdea347807/orig.mp4?Expires=1771162438&Signature=C2eGWQ6sXVBkaCgo87Td4S5cgAA~nOOLw5AEZUJiuWV4nv1NtPexNHHtbTu3Awcm7Os9~XRBXILvfiOpAvG-2vY531hcAhg1ikgI7cV8UygrV9FL~0c86RCo9gNf3k9tSEdLu8~Uemx~xFo7eCyNksDmrIEIE236T~zuws795i7GrY-G3anhPWsC6Si7tLxuh2KTu30oa66ZNcHYpZpwtDoxXzydqJ88Ixipa6gmXvvENM0RB5dUi8gmAbCqsCSWpRKeTFA-pgAwYoHV~N2-YvMpdLpR6YWieBcC1gfcdW10cTANWo1cVbln3DF3SnGm1pyxDFRqf57Vw1bWHqrb2g__&Key-Pair-Id=KUT5TJCACFTXG","Staff updated trustees on the Affordable Housing Trust Fund and progress on awarded projects, telling the board the fund now totals $12.5 million and that awards to date are yielding hundreds of housing units.

Nia and Karen led the presentation, saying the trust fund received $8.5 million from philanthropic sources (flowed through the Tulsa Community Foundation) and $4.0 million from the city of Tulsa, for a $12.5 million fund supporting housing development and social services. Staff reported approximately $7.5 million has been awarded to housing development projects and roughly $2.7 million for rental, homebuyer and landlord assistance programs.

According to staff, the housing development awards are expected to produce 484 units in total; presentation text included several numbers that were clarified in discussion. The first open-application round produced five projects and about 34 units with 10-year affordability terms; two of those loans were structured as forgivable based on deep affordability. The second round — run as an RFP — produced a larger unit yield and nearly all of those units will be affordable under seven-year affordability terms with a balloon payment at term.

Trustees and staff discussed why construction timelines slipped on several second-round projects. Staff said the primary delay was partners finalizing capital stacks with lenders; staff plans to bring minor amendments to development agreements to clarify timelines at the March board meeting. One project awarded to Habitat is set to begin construction in March. Board members suggested creating a preferred-lender list and offering navigation support to help developers assemble financing more quickly.

Staff also noted the fund had deployed awards that will produce an early tranche of affordable units, some already completed, and that about $2.0 million remains available for additional projects. Trustees discussed coordination with other local financing sources and larger lenders, including a possible complementary role for national CDFIs and the Housing Partnership Network in providing larger bridge or long-term loans.

Trustees asked for a timeline and public engagement plan for small-area sector plans and for the trust fund staff to return in March with any required contract amendments and updated construction schedules.","Staff reported $12.5 million in initial capitalization for Tulsa's Affordable Housing Trust Fund, $7.5 million awarded to housing development and $2.7 million to rental/homebuyer assistance; RFP-selected second-round projects produced higher unit counts but are seeing construction delays tied to capital stacks.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":80,"_45":103,"_47":104,"_49":105,"_51":106,"_53":107,"_55":56,"_57":58,"_59":108,"_61":62,"_63":64,"_65":109,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6660169,"Authority approves final $515,358 amendment to close out Eleventh & Lewis streetscape pass-through",156,549000,"/Search/View?dp=1&key=2437864-4642cba4b9b6f5991a14dc7be12f78ae&start=393&end=549","https://assets.pipeline.soar.com/2437864-4642cba4b9b6f5991a14dc7be12f78ae/thumbnail_393000.jpg","/articles/6660169/Tulsa/Tulsa-County/Oklahoma/Authority-approves-final-515358-amendment-to-close-out-Eleventh-Lewis-streetscape-pass-through","https://secure.pipeline.soar.com/6660169-d08fa3b100ba09935797e8192a7aeb29/orig.mp4?Expires=1771162438&Signature=bKx4W9PBD0R-BY8xXiA8MYwAcZ4NeqDK9d4WWQJqLYQp0ZC1sDOL4K0uFaQnU8Xu7U0FFU5airffkHKm8UpoUQbXHw76OP2ZaDnHtSQ9Dfh9TF~83RzM27YsF6wbfbKRWLgNdItHTMCCCkSZEd1ytZ6Xpni7PN0Glj3iA97~wwRWqbUsyiLOd4gCC8B7~ytGYJ-3hD-aLWCg4pCpLmJMrZIFL17mYl1Xu6JDN0fx2m7JATmUJeTju9ieklDWE2ad3vYSPXahWTG64BU7VOOHIWYrRcB8lF2GrDFvWI9SL1wKaxqsfm4-ikWx-Jp-iIjJOyaUvrxFRdkkBbvNPe7eIQ__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Authority for Economic Opportunity on Thursday approved a $515,358.44 budget amendment to pass through city funds for the completed Eleventh and Lewis streetscape project.

Lynn Kenny, presenting to trustees, said the authority is acting as a pass-through entity: the city of Tulsa already reimbursed the authority, which will transmit the funds to the developer. Mike Dickerson, TEO controller, told the board the streetscape work originated in earlier TIF negotiations and that the authority was designated as the appropriate pass-through entity when the developer front-funded construction. The original contract value was about $2.1 million and has been amended multiple times to account for issues discovered during construction, including century-old buried utilities and other underground conditions that increased costs.

\"The original contract was for $2,100,000; we have done two amendments to that that increased the value each time based off of what was discovered underground,\" Dickerson said, explaining the current amendment will close out the contract.

Board members asked why the city used TEO as the pass-through rather than paying the developer directly. Dickerson recounted that city legal at the time recommended TEO as the implementing entity to advance the CIP work and coordinate TIF timing.

Trustees moved, seconded and approved the budget amendment by roll call. Staff said the work has been completed and the amendment is the final payment to close out the contract.","Trustees approved a $515,358.44 budget amendment to pass city funds through the authority to a developer, closing out the Eleventh & Lewis streetscape contract after unexpected underground work raised costs.",{"_33":111,"_35":36,"_37":38,"_39":112,"_41":113,"_43":114,"_45":115,"_47":116,"_49":117,"_51":118,"_53":119,"_55":56,"_57":58,"_59":120,"_61":62,"_63":64,"_65":121,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6660174,"Tulsa authority approves up to $2.1M in TIF aid for 80-unit downtown apartment project",112,588000,700000,"/Search/View?dp=1&key=2437864-4642cba4b9b6f5991a14dc7be12f78ae&start=588&end=700","https://assets.pipeline.soar.com/2437864-4642cba4b9b6f5991a14dc7be12f78ae/thumbnail_588000.jpg","/articles/6660174/Tulsa/Tulsa-County/Oklahoma/Tulsa-authority-approves-up-to-21M-in-TIF-aid-for-80-unit-downtown-apartment-project","https://secure.pipeline.soar.com/6660174-1eae7e0a67f92b6414541843bed548a7/orig.mp4?Expires=1771162438&Signature=nyxatdeC5RwEmUGDOMH7Ke7Nr4SY6h~qYy3KdXJDQFYEna5lOg6KUlAyLxPjS5cmddaqfMpcjRw0aG48OAjEtdk6B02~vPpJ6LjuIe4OK-Ks4HHr1vVdi~2Vdf~xVlLMNX51OguWEOnqjhDo-4qeTS1X-W-lCMJmJoMDaZtHOKdZb6r8MsT8lTFah20kPYZ7n-dKFSfvDdXAvWKOjUQZKDAaqXErIspOv6YsM-iiPyYzYc7MXWw-4eSViAaJWyj38kvGdDfeZ2Lcdd1yt4EpulTYwR9M2Pg5pqKot96SE-0Gfe9yDOizhCs1SguXEu2u8jsk7HIaeHV2vuZ-MQwgOA__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Authority for Economic Opportunity on Thursday approved a development and financing assistance agreement that could provide up to $2,100,000 in tax-increment financing assistance to a downtown apartment project by D Flats LLC.

The project, presented by developer Steven Watts of Rose Rock Development Partners and introduced to trustees by agency staff, is a roughly $28 million mixed-use building at Third and Denver with integrated parking, rooftop amenities and 80 apartment units. The developer said 16% of units — about 13 apartments — will be set aside as workforce housing targeted at rents tied to 80% of area median income.

Watts said the building will include two concrete decks for parking, wood framing above and integrated parking access from Third Street and Cheyenne Avenue. \"It will have plans to have a rooftop amenity, and it will be about 16% set aside for workforce housing,\" Watts said, identifying himself as a real estate developer with Rose Rock Development Partners.

Board members asked several technical questions about the affordability mix, the TIF term and the financing need. Watts said the workforce units reflect the project's financing constraints and current construction costs, and that the developer needed a lengthy TIF reimbursement period to meet debt-service coverage requirements. He described the assistance term as a 17-year schedule that effectively nets to about 56% of project value after customary administrative set-asides.

Trustees moved, seconded and approved the agreement by roll call. Staff said the developer expects a roughly nine- to 12-month period to finish design and permitting before breaking ground, assuming prompt progress on permits and financing.

The authority's minutes show the board approved the motion; staff said the financing assistance is intended to close the developer's gap to make new construction feasible in downtown Tulsa.","The Tulsa Authority for Economic Opportunity approved up to $2.1 million in tax-increment financing (TIF) assistance for a new 80-unit apartment building near the BOK Center that includes a 16% workforce housing set-aside.","actionData","errors"]

Article not found

Staff updates trustees on TIF district progress, strategic planning and planned outreach

Authority approves $184,800 amendment to fund two staff positions for remainder of fiscal year

Affordable Housing Trust Fund: $12.5M deployed to date; second funding round shows larger unit yields, staff says

Authority approves final $515,358 amendment to close out Eleventh & Lewis streetscape pass-through

Tulsa authority approves up to $2.1M in TIF aid for 80-unit downtown apartment project