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Council considers $900,000 amendment to seed small-developer housing loan fund after ARPA contract delays
Summary
Tulsa staff asked councilors to approve a $900,000 budget amendment to create or seed a revolving loan fund aimed at small housing developers.
Tulsa staff asked councilors to approve a $900,000 budget amendment to create or seed a revolving loan fund aimed at small housing developers. The fund is intended to enable smaller firms to build or renovate residential units that larger developers might not pursue.
Staff said the work began with an ARPA proposal and the city received a notice of award in October 2023 but that contract execution has been delayed. Staff described earlier uncertainty…
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