Community Development & Housing
Tulsa County receives funding for several community development and housing programs, which are administered by INCOG. The documents below provide more information and details on each program.
The Tulsa County HOME Consortium, CDBG Urban County, and the CDBG CV programs are required to prepare a Performance report describing how funds that were received during the program year ending June 30, 2023 were spent in the community. Beginning September 11, 2024, copies of a draft CAPER will be available for a 15-day public review period. The 2023 CAPER is available below and at www.incog.org. The public is invited to review the document and make comments on the County’s grant performance. The Plan will be submitted to the U.S. Department of Housing and Urban Development (HUD) by September 27, 2024. Please address any questions or comments to INCOG, 2 West 2nd St., Suite 800, Tulsa, Oklahoma, 74103.
NOTICE OF PUBLIC HEARING
Pursuant to Local Development Act, 62 O.S. Supp. 1992, Section 850 et. seq., notice is hereby given that the Board of County Commissioners of Tulsa County, Oklahoma will hold two public hearings related to a proposed tax incentive district project plan. Said hearings will be held in Room 132 of the Tulsa County Headquarters Building located at 218 West 6th Street, Tulsa, Oklahoma. The first hearing will be held at 9:30 AM on the 19th day of May, 2025 and shall be for information and question purposes only related to the proposed plan. The second public hearing will be held at 9:30 a.m. on the 2nd day of June, 2025 to give any interested persons the opportunity to express their views on the proposed district before any votes are taken by the Board of County Commissioners for Tulsa County.
The proposed project plan area including tax incentive districts occupies a tract of land more particularly described as follows:
A TRACT OF LAND BEING A PART OF THE EAST HALF OF THE NORTHWEST QUARTER (E/2 NW/4) AND THE EAST HALF OF THE SOUTHWEST QUARTER (E/2 SW/4) AND THE WEST HALF OF THE NORTHEAST QUARTER (W/2 NE/4) AND THE WEST HALF OF THE SOUTHEAST QUARTER (W/2 SE/4) OF SECTION TWENTY-SEVEN (27) TOWNSHIP TWENTY-ONE (21) NORTH, RANGE (13) EAST; AND A TRACT OF LAND BEING A PART OF THE WEST 505 FEET OF THE EAST HALF OF THE NORTHEAST QUARTER (E/2 NE/4) AND THE WEST 505 FEET OF THE EAST HALF OF THE SOUTHEAST QUARTER (E/2 SE/4); AND BEGINNING AT A POINT THAT IS THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER (SW4) THENCE S01°17'30"E A DISTANCE OF 1075.80 FEET; THENCE S85°55'01"E A DISTANCE OF 1329.29 FEET; THENCE N01°16'41"W A DISTANCE OF 1197.77 FEET; THENCE S88°51'41"W A DISTANCE OF 1324.06 FEET TO THE POINT OF BEGINNING.
SAID TRACT OF LAND CONTAINS 410 ACRES, MORE OR LESS.
To briefly describe the proposed project plan, it is the intent of Quartz Mountain Properties LLC, related companies, and lessees to acquire land, construct and equip data center facilities. The total estimated development cost is in excess of $700 Million and expenditures are expected to occur over the next 10 years. Private financing will be used for the project. A project plan contemplates an increased annual ad valorem and business personal property tax benefit to the relevant taxing jurisdictions of approximately $21 Million over the next twenty-five-year period.
Any interested party may review the plan during normal business hours in Room 131 of the Tulsa County Headquarters Building at 218 W 6th St., Tulsa, OK, by calling (918) 596-5651 for an appointment.
TULSA HOMEBUYER ASSISTANCE PROGRAM
The Tulsa County Board of County Commissioners approved a Homebuyer Assistance Program for the Tulsa County Home Finance Authority (TCHFA) in 2024 that is aimed at assisting first-time homebuyers. This program is expected to boost home ownership in Tulsa County by providing resources and opportunities for individuals and families to achieve the dream of owning a home.
With a commitment of $25 million of mortgage revenue bonds, the First Home Program is offering a below-market fixed-rate mortgage that also comes with substantial down payment assistance. On December 5th, the interest rate on First Home was locked in at 5.830% roughly .75% below the current residential rate on a 30-year mortgage, providing the homeowner more purchasing power in a market where home prices remain elevated.
First-time homebuyers will receive 3.5% of the total mortgage amount up-front for down payment or closing-cost assistance. If the homebuyers stay in their home for five years, the loan for that assistance is fully forgiven.
On average, this 3.5% assistance equates to about $9,000, and considering that almost 40% of potential homebuyers say the lack of a down payment is preventing them from moving into a home, the First Home program is addressing the biggest obstacle facing first-time homebuyers.
Given the anticipated first-come, first-served demand for the First Home Program, it is expected that the funds will be fully allocated before the end of the first quarter in 2025. Potential first-time homebuyers can find a list of approved lenders at https://myfirsttulsacountyhome.com/buyers.
The TCHFA First Home Program process began in July 2024 with Tulsa County Home Finance Authority in response to price and mortgage rate increases in housing, essentially pricing many families out of the market for a median single-family home. The median single family home price in Tulsa County has increased over 50% since the end of 2019, from $170,000 to $255,000 in 2024. In that same time, federal interest rates, to which mortgage interest rates are tied, rose from 2.5% to 8.5%. These two economic factors have made it much harder for the average Tulsa County resident to buy a home.
Exceptions to the first-time homebuyer requirement are in place for Veterans or buyers purchasing in a qualifying census tract area. Maps of the targeted census tract areas can be found online at https://www.ehousingplus.com/wp-content/uploads/TCHFA-Targeted-Area-Maps.pdf and include neighborhoods in all districts of Tulsa County.
Lenders interested in offering the program can obtain detailed information at: https://www.ehousingplus.com/tulsa-county-home-finance-authority/