Homeownership Initiative FAQ
What is the Tulsa Remote homeownership initiative?
This is Tulsa Remote’s latest addition to the benefits package for members, which provides accepted new applicants This is Tulsa Remote’s latest addition to the benefits package, providing new Members the option to receive the full $10,000 stipend at one time, following the purchase of a qualifying home in Tulsa and attending Tulsa Remote’s Member orientation. Previously, the $10,000 grant was provided in installments over the course of the year, which remains an option for accepted Members and offers greater flexibility.
How does the homeownership initiative work?
To receive the full cash grant towards a home purchase, accepted members must purchase an owner-occupied residential property in Tulsa and will receive a single lump-sum upon the home purchase and completing orientation.
What criteria have to be met to be eligible for the homeownership program?
To be eligible, accepted members must follow these general prerequisites:
- The home purchased must be a residential property located within the City of Tulsa.
- The home must serve as the primary residence for the applicant for a period of at least 1 year from the time of closing.
- The home will not serve – in whole or in part – as an income-producing property for at least one year from the time of closing. This includes the purchase of a duplex or other multi-family product, renting a room/bed/other space in the home to a third-party (regardless of rent-rate), or an investment property of any type. Members who cannot meet this requirement will be limited to the traditional monthly disbursement option.
- The accepted applicant must be named on the deed to the property.
How much will the homeownership initiative cover?
In Tulsa, the median home price is $205,500. — With this pricing in mind, the grant can make a meaningful difference in the process.
What else does Tulsa Remote offer members?
Outside of the $10,000 grant, Tulsa Remote offers a community infrastructure that cannot be matched — from virtual cocktail parties to networking events, Tulsa Remote has been fostering a strong community for members even during the pandemic. Additionally, Tulsa Remote offers a dynamic coworking space in Downtown Tulsa called 36 Degrees North, providing a place to get work done and collaborate with other local entrepreneurs, remote workers and digital nomads.
Who is eligible to apply for Tulsa Remote?
To be considered for the Tulsa Remote program, applicants must meet all four eligibility requirements: You can move to Tulsa within the next 12 months. You have full-time remote employment or are currently self-employed outside of Oklahoma. You are 18+ years old. You are a permanent resident of the United States. For more details, visit our FAQs page.