RJ McGrail

Tulsa’s $120 Million Housing Fund Targets Financing Gaps and Local Capacity

Affordable housing projects can still fall short when construction and operating costs exceed what residents can afford to pay in rent, Lisa Albers of BOK Financial said. Robin Hughes of the Housing Partnership Network said the Tulsa Housing Impact Fund aims to raise $120 million from philanthropic capital, bank financing and local-government resources to address those gaps. The panel’s broader argument was that closing them requires more than raising money: capital, local development capacity and public institutions must be coordinated to match projects’ needs.