Community Development
Dedicated to building our communities
Through affordable housing loans, investments and grants to organizations making a difference, BOK Financial’s and BOK Financial's 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
- 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 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.
Common goals
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.
Community Report
Learn more about our community commitment through our most recent Community Engagement Report.