Dedicated to building our communities
Through affordable housing loans, investments and grants to organizations making a difference, BOK Financial’s and Bank of Texas' investment in community development runs deep across our eight-state footprint. These efforts focus on services supporting low- to moderate-income (LMI) individuals, promoting economic development, and revitalizing or stabilizing LMI geographies.
Recent projects supported by BOK Financial and Bank of Texas
- A community development loan in Houston will support the renovation of an 11-building apartment complex with 260 units targeting households earning 60% or less of Median Family Income (MFI).
- A $7.2 million loan provided acquisition funds to acquire and rehabilitate a 101-unit family housing development in Texas. Rental of all units will be restricted to households earning 30%-60% of MFI.
- A $13.5 million loan in Oklahoma will provide construction financing for a 97-unit senior development where rents are at 50%-60% MFI.
- An $11.37 million investment for a New Mexico senior housing community with 85% of the units targeting seniors who earn 60% of the area median income.
- We invested $8 million through the Raymond James Preservation Opportunities Fund VIII, which seeks to preserve affordability through the acquisition of stabilized properties that provide housing for a majority of tenants making at or below 80% of MFI. Properties within the company’s footprint include a 150-unit senior affordable housing facility in South Dallas in addition to four affordable housing properties in Colorado and New Mexico totaling 770 units.
- A new K-6 Casa Blanca Community School will be built in Arizona’s Gila River Indian Community through support from a community development loan. Serving partially or primarily low- or moderate-income residents, the new school will replace a K-4 school.
- A $5.4 million loan will finance a property housing a Native American wellness center including a 48-bed residential treatment center in Arizona designed to support men in recovery from addiction or substance use disorder.
- An $11 million loan to a Colorado organization promoting activities that help to attract new or retain existing businesses including a neighborhood center that serves LMI neighborhoods and employs residents from the area.
- Tulsa Economic Development Corporation gives start-up and existing businesses access to various resources and assistance to grow the economy. Special consideration is given to companies that employ LMI individuals, locate in underserved LMI communities or have faced longstanding barriers to economic opportunity.
- DreamSpring is a Community Development Financial Institution (CDFI) that increases access to business credit, makes loans and provides training, enabling entrepreneurs to realize their dreams and be catalysts for positive economic and social change. Our grant supports Houston, Dallas, Albuquerque and Phoenix locations.
- A grant for a veteran’s community project in the Kansas City metro supports a one-stop walk-in center for veterans facing challenges, providing everything from benefits to financial counseling to mental health referrals.
- Grants to Oklahoma nonprofits that offer a path back from homelessness with a clean, safe, temporary place to stay plus successful programs and services such as job training and education to help people transform their lives for the better.
With more than 25 years of experience in community lending and investing, we understand the unique needs and challenges of small businesses, affordable housing, and emerging businesses.
Learn more about our community commitment through our most recent Community Engagement Report.