City staff outlines options to administer Improve Our Tulsa housing funds; council to consider RFP and bonding

City housing staff briefed the City Council and committee chairs on April 16 on administration options for the city’s Improve Our Tulsa (IOT) housing funds, recommending the city consider issuing a competitive request for proposals (RFP) to select a third‑party fund administrator while retaining certain programs in city departments.

Travis Hulse, the city’s housing director, told council members the city had received about 60 responses to an earlier request for information (RFI), indicating substantial developer interest and a pipeline of potential projects that could use IOT dollars. Staff identified major program streams under consideration — grant/investment funds, an acquisition/preservation fund, infrastructure funding, and preservation/rehabilitation — and said other cities use a mix…