Tulsa officials deny funds for low-income housing

Saturday, July 13th 2002, 12:00 am
By: News On 6

(Tulsa-AP) -- The Tulsa Industrial Authority won't finance a New York foundation's plans to buy three apartment complexes for low-income housing.

NVHF had asked Tulsa authorities for the option of seeking a tax exemption on its apartments.

Authority Chairman Steve Berlin says the proposal would lead to corporate investors being paid before Tulsa's school children.

But trustee Ron Ricketts says the authority has lost a chance to have both more tax revenues and more housing,

The foundation affiliated with the National Council of Young Israel already operates two low-income complexes funded by the industrial authority.

More than 50 (M) million dollars in tax exemptions have been granted in Tulsa County over the last six years.