Oregon Housing and Community Services Director Victor Merced recently issued a letter to its program partners that explores establishing a standards affordability period across OHCS programs. OHCS is proposing an affordability term of 60 years with an option for owners to buy out the affordability at years 40 or 50. OHCS will present its proposal at the January 21 meeting of the State Housing Council and encourages feedback and/or comments to be submitted no later than January 31. Read More…