Local & Regional
Thu January 31, 2013
A Tulsa Leader Applauds a Deal to Allow Tax Credits to Purchase Fairmont Terrace
A financing deal to purchase and improve a troubled Tulsa apartment complex moves forward. The Oklahoma Housing Finance Agency okays tax exempt financing for new investors to buy Fairmont Terrace, the site of the recent murders of four women. Part of the deal includes security improvements at the federally subsidized complex. Tulsa City Council Chair David Patrick applauds the deal and hopes it will make a difference.
Now that tax exempt financing has been okayed, closing is expected soon and upgrades to the property can then begin.