[{"_1":2,"_99":-5,"_100":-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],{"_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",6457799,"mediaKeyId","5827658-51e3df9cbe1573f2920626d569579228","parentId",5827658,"title","TDA renews service agreement with TAYO covering executive director, asset and budget services","audioSeconds",168,"startMs",264000,"endMs",432000,"viewUrl","/Search/View?dp=1&key=5827658-51e3df9cbe1573f2920626d569579228&start=264&end=432","thumbnailUrl","https://assets.pipeline.soar.com/5827658-51e3df9cbe1573f2920626d569579228/thumbnail_264000.jpg","articleUrl","/articles/6457799/Tulsa/Tulsa-County/Oklahoma/TDA-renews-service-agreement-with-TAYO-covering-executive-director-asset-and-budget-services","mediaUrl","https://secure.pipeline.soar.com/6457799-39ac8b41e9725e010de5a0f68c9655c2/orig.mp4?Expires=1770451071&Signature=DQc48~PYGLyReB3XM8nAlTBpdIKqBXO2QB9NLyLdbT5IUSgWDRkp~0xkKW4UKWze2Gl1HKTGHVsiAutGBTX9wvlsjv-jKdbKQttHiBWLw8E7v8KCQtQIr3JwEf7VYjDvfq-mmtotECVGtwhofOZ0bSDH6JTsPu0ZRpuRVPVbovGc2O6rtDfI1LyT2RzsB2qa5Ohr4HulFLK7lkCcpEoe8POB7eqheeX3NhsHKqEPxrBMZMKshXstNRkuHNNUyEQKupTKFFlmTzPRS-pFUiGU8xW5DgjBRGpw6T3tS8nTHWN0ucC~U~Hux50var9~p~SpEhuehPLMKyWU3HoJsqCgVg__&Key-Pair-Id=KUT5TJCACFTXG","author","Tulsa","date","2025-09-25T00:00:00Z","article","The Tulsa Development Authority approved a renewal of the service agreement with TAYO (Tulsa Authority for Economic Opportunity) on Sept. 25, continuing TAYO’s provision of key administrative services including provision of the executive director, real‑estate asset management, budget management and compliance reporting.

Staff said the scope established in July 2021 remains unchanged. Under the agreement’s fee schedule the professional services fee declines each year; staff said the FY26 fee will be $100,000 and then reduce again to $50,000 in FY27. Board members asked about plans to replace or recoup revenue as fees decline; staff said a sustainability plan is a high priority and that they are evaluating bringing on staff focused on acquisition and disposition analysis and an analyst to model long‑term sustainability beyond 2027.

Trustees moved, seconded and approved the agreement by roll call. Staff said the agreement maintains continuity of executive leadership and operational functions while the authority plans for longer‑term staffing and fiscal strategies.","mediaType","Video","parentTitle","Tulsa - Tulsa Authority for Economic Opportunity/Tulsa Development Authority 09-25-2025","oneSentenceSummary","The board approved a continuation of Tayo’s services to TDA — covering the executive director role, real estate asset management, budget management and compliance reporting — at a declining annual professional services fee that reaches $100,000 in FY26 and $50,000 in FY27 under the existing schedule.","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},6457804,"TDA adopts independent investment policy to manage authority funds",209,441000,650000,"/Search/View?dp=1&key=5827658-51e3df9cbe1573f2920626d569579228&start=441&end=650","https://assets.pipeline.soar.com/5827658-51e3df9cbe1573f2920626d569579228/thumbnail_441000.jpg","/articles/6457804/Tulsa/Tulsa-County/Oklahoma/TDA-adopts-independent-investment-policy-to-manage-authority-funds","https://secure.pipeline.soar.com/6457804-08c2a934bd23b5470de722334f2cfbf5/orig.mp4?Expires=1770451071&Signature=Kbu8c0Qt3VOQrzha3L7DyrjZyFFIHSbfHm3IDQtYC0eFovYvG5ruFyWnkWu~rvPopmVhwfz-53BJ8D5G2y~AFJHy5XtUpTnuFhgEvENzesDPrYsGTp7dTXQ3XBeKf7YhtYQB8C5pgJqTELkFR2bfBNeed~HtSiOO-KVjuzkwLslTgc-bYJBN73Hg5ZcPViUNe9-lSJm7htCLhCgcJIghCxRguMVIOjdG2FkZQMs2xyySaPvFGEqvOtUgJx1SxBHA4R1xQ2gNWlrp0HNkNWw4vgSZ0pIlnU5Q-LsBG~VIboF862bc8id5admdtGSWu~GJdKBjgRKKZZBcJsqdWAvKhA__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Development Authority voted on Sept. 25 to adopt an independent investment policy that will govern how the authority manages its public funds. Staff said TDA had previously used the City of Tulsa pooled investment policy and determined it was time to adopt a separate policy tailored to the authority’s reserve needs.

Staff described the policy’s three prioritized objectives: preserve principal, maintain liquidity for operating needs, then seek a reasonable market yield once security and liquidity are satisfied. The policy lists investments authorized under state law, competitive bidding procedures and the use of third‑party custodians for safekeeping. It also mandates quarterly reporting to the board on portfolio performance and composition.

During discussion staff noted a conservative example: rolling short‑term treasury bills for reserve funds could have yielded approximately $170,000 more annually for reserve balances established July 1, compared with the city pooled return. The board discussed whether to establish a separate investment committee; staff said the draft policy had been presented to the finance committee and that creating an investment committee could be considered later.

The board moved, seconded and approved the policy by roll call. Staff and trustees said the policy does not authorize any immediate investments; it only sets the framework to act if and when TDA chooses to invest funds.","The Tulsa Development Authority adopted its own investment policy on Sept. 25 to prioritize safety, liquidity and then yield and to require quarterly portfolio reporting and third‑party custodial safekeeping.",{"_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},6457809,"TDA approves $1.32 million in Affordable Housing Trust Fund awards for three Tulsa projects",555,1149000,1704000,"/Search/View?dp=1&key=5827658-51e3df9cbe1573f2920626d569579228&start=1149&end=1704","https://assets.pipeline.soar.com/5827658-51e3df9cbe1573f2920626d569579228/thumbnail_1149000.jpg","/articles/6457809/Tulsa/Tulsa-County/Oklahoma/TDA-approves-132-million-in-Affordable-Housing-Trust-Fund-awards-for-three-Tulsa-projects","https://secure.pipeline.soar.com/6457809-5b565826ccae40a94a806abf313c7f35/orig.mp4?Expires=1770451071&Signature=LVvGVP1aQmcjIR5H7VKnuCBQRKqf05Q59dWA0JGgHeAnG5G5m7wQUYLvgg1IWn33kQ0euMyHn2btp3k3htxOnceCx43Lk7m9dHVJcHTH17cYXaZs3bsQNotFpn0ckMVZezE1ciNQvky~FzFJt~RmVLGFKD9kA3X~dL0n8M5tdmWKGE85gV4mzNDLU0EM~DYX2VM-AQb738xr23Sz4riQsUs~ME2uc9Q66IBVa3fj~sM064MCwLU3vW6xhlNEXmOkquEhXvf8fcZuYpTI0sLdZGfBSar6JdSthC5eUrA8YKQkKNr6Qx2Jq0cSutw3oeSLlnGrMxr~Mgvi-LCIvm5~Rw__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Development Authority on Sept. 25 approved three Affordable Housing Trust Fund grants totaling $1,320,120 to support projects that preserve and produce affordable rental housing across the city.

The board approved: $700,000 to Townsquare Apartments LLC for the Trinity Trails (Townsquare) project, which will preserve 69 affordable units and add 78 new units; $120,120 to Ellison Investment Group for North Star Community Residences (three duplexes, six units); and $500,000 to We Are Society for the Maplewood project (127 units). All three awards were presented by city staff and were approved by voice/roll-call votes during the meeting.

City staff said Trinity Trails’ capital stack is “fully assembled,” permits are issued, rehab and construction work has started, and the developer anticipates completion by mid‑2026. Staff flagged that 14 of the Trinity Trails units will serve households at or below 30 percent of area median income (AMI) and that the project includes Housing Choice Vouchers. Maplewood will devote 30 units at 30 percent AMI and also carries Housing Choice Vouchers; staff said Maplewood will use the Low Income Housing Tax Credit (LIHTC) program and will record a 40‑year affordability covenant. Ellison’s North Star project is new construction—three duplex infill homes, six units total—with four units targeted at or below 80 percent AMI; permits were expected in November with construction to follow.

Staff also noted that the Maplewood loan terms will be coterminous with senior debt and therefore longer (16–18 years) than some earlier TDA loans. The board voted to approve each award; staff said the Townsquare recommendation will require an additional step because the dollars are city funds and must go to City Council for final approval.

Trustees and staff emphasized the importance of preserving deeply affordable units, the role of vouchers in several projects, and the multi‑year affordability commitments tied to LIHTC projects. No member of the board voted against the awards.","The Tulsa Development Authority approved three Affordable Housing Trust Fund awards totaling $1.32 million on Sept. 25 to preserve and add deeply affordable units across the city. Awards go to Townsquare (Trinity Trails) $700,000; Ellison Investment Group (North Star Community Residences) $120,120; and We Are Society (Maplewood) $500,000.","actionData","errors"]

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TDA renews service agreement with TAYO covering executive director, asset and budget services

TDA adopts independent investment policy to manage authority funds

TDA approves $1.32 million in Affordable Housing Trust Fund awards for three Tulsa projects