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News Release
June 23, 2021 Housing Stability Council Awards Funding for Nearly 2,000 Affordable Homes - 06/23/21

 

FOR IMMEDIATE RELEASE

 

June 23, 2021

 

CONTACT:

Connor McDonnell 

Oregon Housing and Community Services

503 986-2051  

equests@oregon.gov" target="_blank">HCS.MediaRequests@oregon.gov  

 

Housing Stability Council Awards Funding for Nearly 2,000 Affordable Homes

Record number of projects approved for affordable development across Oregon

SALEM, OR – Oregon Housing and Community Services (OHCS) announces a record number of funding has been awarded at the June Housing Stability Council meeting including the latest round of Local Innovation and Fast Track (LIFT) and Permanent Supportive Housing (PSH) Program funding.

“This funding could not have come at a better time,” said Oregon Housing and Community Services Director, Margaret Salazar. “As our state turns toward economic recovery from COVID and wildfires, we know that housing is a critical part of our infrastructure. Housing is a basic human need and I am grateful to Governor Kate Brown and the legislature for these resources. Going forward, thousands of Oregon families will have a safe, dry, and affordable place to call home.”

Earlier this month the Oregon Housing Stability Council, which reviews and sets policy for the development and financing of affordable housing, approved a variety of housing resources focused on communities throughout the state. These awards come at a time when OHCS has received a record amount of funding for the prevention of homelessness and housing instability in Oregon. These awards will add needed affordable housing supply across Oregon.

LIFT Rental Awards

Since the launch in 2016, the LIFT program has helped thousands of underserved Oregonians attain keys in their pockets and a roof over their heads. The program focuses on serving historically underserved Oregonians, including communities of color in both urban and rural communities. The Housing Stability Council approved all 12 recommended LIFT Rental Award applications from across the state including five from rural communities. All together, these projects will create 1,153 new affordable homes in with awards totaling $70.3 million.

Additionally, to be responsive to the serious housing shortages resulting from the 2020 Oregon wildfires, two projects received additional application points for projects in the Federal Declared Disaster Areas, including one in Jackson County.

“The destruction in Jackson County was unimaginable and the disruption to people’s lives even worse,” said Daryn Murphy, Vice President of Development at Commonwealth Development Corporation. “Being able to move this project along quickly will be a step in the right direction in getting survivors rehoused, but there is a lot of work ahead. The LIFT funding is an important tool to make projects like this happen and the state’s priority on impacted areas shows their commitment to rebuilding places like Talent and Phoenix.

 

 

Jackson County:

Renaissance Flats, City of Talent:

Marion County:

Marion Wildfire Portfolio, Mill City & City of Stayton:

27th Avenue Apartments, City of Salem:

 

Umatilla County

Moorehouse Apartments, City of Hermiston:        

Clackamas County

Marylhurst Commons, City of Lake Oswego:

Molalla Apartments, City of Molalla:

 

Washington County

Aloha Family Housing, City of Beaverton:

Multnomah County

The Montana Vistas, City of Portland:                             

Maryland Overlook Apartments, City of Portland:     

Glisan Tower, City of Portland:                                        

Bottling Blocks, City of Portland:                                   

148th Avenue Apartments, City of Portland:

 

 

?$7.56M          72 Homes

 

?$15.7M            126 Homes 

$5.1M               96 Homes

 

 

?$4.15M             60 Homes

v

$4.25M             100 Homes

$4.5M               60 Homes

 

 

$2.89M             81 Homes

 

$3.612M            75 Homes

$8.76M             171 Homes  

$4.087M          105 Homes

$4.612M          109 Homes

$5.1M               96 Homes

 

 

 

LIFT Homeownership Awards

The LIFT Homeownership program was established with the goal to create affordable homeownership opportunities for historically underserved communities across Oregon. This was the fourth round of LIFT funding dedicated to developing affordable homes for purchase. With three projects in urban areas and one in a rapidly gentrifying rural area, the four homeownership projects awarded will receive $5.5 million to create 55 new affordable homeownership opportunities in communities across the state. 

 

Washington County

Century Boulevard, City of Hillsboro:                         

Clackamas County

Clackamas CLT, City of Milwaukie:                                

Multnomah County

Taylor’s Ferry Condos, City of Portland:                      

Deschutes County

Village Meadows, City of Sisters:                              

 

$1.8M  18 Homes

 

$1.1M  11 Homes

 

$1.7M  17 Homes

 

$900K  9 Homes

 

Permanent Supportive Housing Awards

The final category for June funding consideration was 2021 Permanent Supportive Housing (PSH) award recommendations. PSH combines deeply affordable housing with wrap around services to support Oregonians, particularly those experiencing chronic homelessness. The Housing Stability Council approved funding for 5 proposals which will create a total of 143 PSH homes and 391 affordable homes overall. To be eligible for funding, projects had to be participants of the 2020 or 2021 Oregon Supportive Housing Institute. These developments cover both urban (Multnomah, Clackamas, and Marion counties) and rural communities (Lake and Malheur Counties).

 

Since July of 2019 OHCS has funded a record number of 656 PSH homes putting the agency well ahead of schedule and more than halfway towards meeting the 1000 Permanent Supportive Housing target over five years. 

 

Lake County:

Desert Horizons, City of Lakeview:

Marion County:

Sequoia Crossing, City of Salem:

Multnomah County:

Garden Park Estates, City of Portland:

Clackamas County:

Good Shepherd Village, City of Happy Valley:

Malheur County:

Ontario Affordable Housing, City of Ontario:

 

$4.2M          17 Homes

 

$5.9M         60 Homes

 

$3.75           117 Homes

 

$3.5M         142 Homes

 

6 PSH Slots  55 Homes

 

 

 

An additional 378 homes were awarded funding at the June meeting with 4%/bond transactions bringing the total to 1974. More detailed information about the awards can be found in the June Housing Stability packet.

 

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Attached Media Files: 06-23-2021-PR-Lift-Awards
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