Oregon Housing and Community Services released the Affordable Housing Stabilization Fund –  Notice of Funding Availability (NOFA). The Affordable Housing Stabilization Fund is a $5 million non-competitive grant program to help affordable housing providers who have outstanding debt as a result of tenant nonpayment of rent from April 1, 2020 to April 30, 2022.

Grant recipients must use any grant funding to alleviate the debt owed by tenants from this period. These resources have been provided by the Oregon Legislature and are being offered statewide through the designated program administrator, Home Forward.

Applications must be submitted via the Affordable Housing Stabilization Fund portal by 5 p.m. PT on Sept. 16, 2022. Applicants are encouraged to submit their applications as soon as possible. Questions regarding this NOFA should be submitted to AHSF@homeforward.org.