Oklahoma Record
Tulsa
Wednesday, November 4, 2026
Medium PriorityDevelopmentopen

Downtown workforce housing loan (Three Flats)

Summary

The city is lending up to $2.8 million to add 80 apartments downtown near Third and Denver, with 13 units at workforce rates. Councilors noted downtown market rents of $1,500–$2,500 for one-bedrooms remain out of reach for many, including Section 8 voucher holders.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jan 21, 2026.

Impact analysis

💰Financial impact

Up to $2.8 million in Downtown Redevelopment Funds, repaid at 6% over six years.

✅Who benefits

Downtown workers and residents gain new housing options, especially the 13 workforce-rate units.

Mentions & discussions (1)

MeetingJan 21, 2026

Council Urban & Economic Development Committee - Jan 21, 2026

The city is lending up to $2.8 million to add 80 apartments downtown near Third and Denver, with 13 units at workforce rates. Councilors noted downtown market rents of $1,500–$2,500 for one-bedrooms remain out of reach for many, including Section 8 voucher holders.

Related development

approved

Three D Flats downtown housing

Adds 80 apartments downtown, with a small share affordable to workforce households — part of the city's push to grow downtown housing.

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