FOR IMMEDIATE RELEASE
August 10, 2020
CONTACT:
Kate Gonsalves
Communications and Public Relations Coordinator
Oregon Housing and Community Services
(503) 931-5087, Kate.Gonsalves@oregon.gov
Oregon Housing and Community Services Awards $60,822,101 to Build and Preserve 802 Affordable Homes for Oregonians
SALEM, OR - Oregon Housing and Community Services (OHCS) is excited to announce funding awards of $60,822,101 worth of grants and tax credits to build and preserve 802 homes through the federal 9% Low Income Housing Tax Credits (LIHTC), HOME, and General Housing Account Program (GHAP) resources, which leverage local, state, and private investments throughout the state for the development of affordable housing.
“Ensuring all Oregon families have a safe and affordable place to call home is all the more crucial during this pandemic,” said Governor Brown. “I’m grateful to OHCS and the Housing Stability Council for their work to ensure that these critical investments in affordable housing will help Oregonians throughout the state, including people both in urban and rural Oregon, as well as people from Black, Indigenous, Latinx, and other communities of color as we continue to work to address Oregon’s housing needs.”
These investments address the statewide shortage of affordable housing through the development and preservation of affordable rental homes at a time when the long term economic impacts of the COVID-19 pandemic will make affordable housing even more crucial. As a result of this funding, over 800 households will have safe, stable housing that will serve Oregonians for generations to come.
“Especially in a time of crisis, access to an affordable, safe, and stable place to call home is critically important, now more than ever,” said OHCS Executive Director Margaret Salazar. “I am proud that we are able to open doors all across the state, in communities large and small, to help Oregon families build stable homes and inclusive, vibrant communities where all our neighbors can thrive.”
On Friday the Oregon Housing Stability Council approved the developments listed on the following page. The full details can be found online.
*Here is the direct link in case the hyperlink above did not work: https://www.oregon.gov/ohcs/hsc/Documents/meetings/2020/2020-AUG-07-HSC-Meeting-Packet.pdf
Key For Attachment:
GHAP = General Housing Assistance Program (state resource)
HDGP = Housing Development Grant Program (state resource)
HOME = HOME Investment Partnerships (federal resource)
OAHTC = Oregon Affordable Housing Tax Credits (state resource)
OMEP = Oregon Multifamily Energy Program (state resource)
LIHTC 4% = Low Income Housing Tax Credits (federal resource), non-competitive
LIIHTC 9% = Low Income Housing Tax Credits (federal resource), competitive