Oregon Launches $20 Million COVID Affordable Housing Stabilization Fund

Oregon Housing and Community Services (OHCS) announced the application for the Affordable Rental Housing Portfolio Stabilization COVID-19 Response Funds is now open. These funds will be loaned to regulated affordable housing providers to provide operational support needed due to missed rent due to the COVID pandemic and recession. Loans will be forgiven if property owners forgive their tenants’ past due rent.

Funds are available by the OHCS Affordable Rental Housing Division and only available to OHCS regulated affordable housing providers. The application deadline for property owners to request Affordable Rental Housing Portfolio Stabilization COVID-19 Response Funds is November 6, 2020. Application requirements and scoring criteria are outlined in the Notice of Funding Availability.