$2M MacFoundation loan for Equitable Housing Demonstration Project
Summary
The city is lending up to $2.8 million to help build an 80-unit apartment building downtown, with 13 units reserved as affordable for workers earning roughly $18,000–$40,000 a year. Supporters say it puts service workers and public servants within reach of living downtown.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Aug 5, 2026.
Impact analysis
Up to $2.8 million of downtown redevelopment funds, structured as a six-year loan at 6% interest.
Downtown workers and families who need affordable rents near jobs.
Mentions & discussions (4)
Council (Regular) - Aug 5, 2026
The city signed off on up to $2 million in TAEO borrowing backed by a MacArthur Foundation Program-Related Investment loan to fund equitable housing work. This is real money aimed at housing affordability in Tulsa.
HUD Community Development Committee - Jul 9, 2026
Mental Health Association Oklahoma asked the committee to keep funding rehab of existing affordable rental housing, warning that naturally occurring affordable housing is going dark and its extremely low-income tenants would otherwise be on the street.
Tulsa Authority for Economic Opportunity - May 28, 2026
The Just Home affordable housing effort is moving forward, but the MacArthur loan agreement wasn't ready for a vote because the foundation hadn't returned the document; staff toured the proposed site and held meetings with the developer this month.
Council (Regular) - Jan 28, 2026
The city is lending up to $2.8 million to help build an 80-unit apartment building downtown, with 13 units reserved as affordable for workers earning roughly $18,000–$40,000 a year. Supporters say it puts service workers and public servants within reach of living downtown.
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