Oregon Housing and Community Services (OHCS) recently announced four additional developments funded through its Local Innovation and Fast Track (LIFT) Housing Program. During the August Special Session legislators allocated $50 million in additional LIFT funding to address the mounting need for affordable housing. OHCS provided these funds to developments that, due to insufficient resources, were unable to receive funding in July. The four additional developments awarded funding by the Oregon Housing Stability Council are:
- 53rd Flats in Corvallis, $9,300,000 to develop 100 homes;
- Colonia Paz II in Lebanon, $15,425,000 to develop 109 homes;
- Shore Pines at Munsel Creek in Florence, $10,075,000 to develop 67 homes; and
- USA Powell in Portland, $15,200,000 to develop 165 homes.
