Funds include $10 million for developing early care and education facilities co-located with affordable housing
Salem, Ore. — Oregon Housing and Community Services (OHCS) and BuildUp Oregon announce the launch of the OHCS Co-location Fund aimed at expanding access to early childhood education and affordable housing across Oregon.
“Families face a pile of cost burdens that limit their access to afford housing, and one of these burdens is the high cost of early childcare. These investments set out to change the trajectory for Oregon families, allowing for increased stability and a better quality of life,” says OHCS Director Andrea Bell.
BuildUp Oregon will administer the $10 million in OHCS funds allocated by the Oregon legislature through House Bill 5011 to support co-locating early care and education (ECE) facilities with affordable housing.
These resources will help bring affordable housing developers and ECE providers together to open and expand childcare services within or on the grounds of affordable housing developments. The funding awarded will depend on each project's needs, size, and costs.
Funds provided through BuildUp Oregon can be used for:
The goal of the OHCS Co-location Fund is to create or preserve 600 ECE slots throughout Oregon.
OHCS is a funding partner with Multnomah County for the BuildUp Oregon program. Earlier this month, Multnomah County launched the Preschool for All Facilities Fund. That fund offers comprehensive support to early care and education providers in Multnomah County participating in Preschool for All (PFA) who are looking to enhance the quality of care at existing facilities, expand to serve additional families or open a new location.
"The Facilities Fund will provide crucial support to early care and education providers and help build up the infrastructure we need to ensure universal access to preschool by 2030," said Preschool and Early Learning Division Director Leslee Barnes. "This initiative represents a vital step towards all children having access to high-quality childcare in safe and nurturing environments."
Interested developers and providers can learn more about BuildUp Oregon by visiting www.BuildUpOregon.org. BuildUp Oregon will also provide further information about the OHCS Co-location Fund through a webinar in May. Details and updates on the webinar will be available on BuildUp Oregon’s website.
About BuildUp Oregon
BuildUp Oregon is composed of four Community Development Financial Institutions. Its members are Micro Enterprise Services of Oregon (MESO), Craft3, Network for Oregon Affordable Housing (NOAH), and Low-Income Investment Fund (LIIF). Together, these organizations are dedicated to ensuring equitable access to high-quality childcare and supporting the growth and development of early care and education providers.
About Oregon Housing and Community Services (OHCS)
OHCS is Oregon's housing finance agency. The state agency provides financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of low and moderate-income. OHCS administers programs that provide housing stabilization. OHCS delivers these programs primarily through grants, contracts, and loan agreements with local partners and community-based providers. For more information, please visit: oregon.gov/ohcs.
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