Home investment partnerships program

The City of Tulsa received a formula grant award of $1,628,629.39 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the HOME Investment Partnerships Program (CFDA 14.239), effective September 24, 2025, with a completion date of September 30, 2034. This award funds the development and preservation of affordable housing and rental assistance activities serving low- and very low-income households in Tulsa, Oklahoma.

Under this formula allocation, the City of Tulsa will utilize HOME funds to support a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to eligible low-income households. All HOME-assisted housing must meet federal income targeting and affordability requirements, with units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The City, as a designated participating jurisdiction, will implement these activities either directly or through partnerships with developers and other affordable housing providers, in accordance with its Consolidated Plan and Annual Action Plans submitted to HUD for review and approval.