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.
|