SALEM, OR - Oregon Housing and Community Services (OHCS) is excited to announce funding awards of $45,569,423 to build and preserve 636 homes through the awards of federal 9% Low Income Housing Tax Credits, HOME, and National Housing Trust Fund resources, which leverage local, state, and private investments. Eleven developments were approved by the Oregon Housing Stability Council to receive funding.
“No Oregonian should worry about having a safe, stable place to sleep,” said Governor Kate Brown. “Families need homes that are more than just four walls and a roof, with rents that don’t mean choosing which bill to pay or what to do without this month. I am grateful that these resources will allow 636 families to rest easy in an affordable home.”
This latest round of awards brings OHCS to a record number of homes in the development pipeline – more than 9,800 affordable homes are in progress across the state. Oregon’s Statewide Housing Plan (oregon.gov/ohcs/pages/oshp.aspx) set a five-year goal to triple the development pipeline of affordable rental housing up to 25,000 homes.
“This is a big step toward meeting the ambitious goals of the Statewide Housing Plan,” said OHCS Director Margaret Salazar. “These developments bring us that much closer to closing the affordable rental housing gap and reducing housing cost burden for Oregonians.”
The developments that received awards are listed below, with full details available online: www.oregon.gov/ohcs/DO/docs/07-12-2019-Affordable-Housing-Awards.pdf.