Eugene Field Revitalization Initiative: by the numbers
The neighborhood’s planned revitalization will break ground in late 2019 and will be completed by September 2024.
Tulsa’s Eugene Field neighborhood in west Tulsa experiences some of the challenges that a governmental grant was developed to address, including distressed housing, lack of coordinated investment and gaps in basic services.
Here are some facts and figures behind the neighborhood’s planned revitalization, which will break ground in late 2019 and will be completed by September 2024.
In 2018, the Tulsa Housing Authority, in partnership with the City of Tulsa, was 1 OF 5 cities to receive a Choice Neighborhoods Implementation grant from the U.S. Office of Housing and Urban Development.
The $30 MILLION grant will revitalize the Eugene Field neighborhood and stimulate economic development in the community.
More than 40 agencies took part in the grant proposal process.
The total budget for the project, called the Eugene Field Revitalization Initiative, is estimated at $127 million.
When finished, the EFRI will result in a mixed-use, mixed-income property with 460 new apartments as well as enhanced community amenities, including a proposed grocery store, an upgraded public park and a new community center.
HUD-subsidized and affordable, nonsubsidized market-rate units will be a 50/50 split.
The Anne and Henry Zarrow Foundation will contribute $12 million in affordable housing grants to support the project, and the George Kaiser Family Foundation will contribute a first mortgage of $27 million.
The remaining funds will come from $56 million in housing tax credits from the Oklahoma Housing Finance Agency and $5 million from the Tulsa Housing Authority.