Oregon Housing and Community Services (OHCS) is funding the development and preservation of 261 affordable rental homes across Oregon. The state’s housing finance agency is reinforcing its commitment to addressing housing affordability through strategic investment and community partnership.
The affordable housing projects, approved by the Oregon Housing Stability Council (HSC) this month, span both urban centers and rural communities and represent an investment of more than $100 million in affordable housing.
These projects will be funded through a combination of state and federal resources, including Low-Income Housing Tax Credits (LIHTC), Preservation funds, Permanent Supportive Housing (PSH) funds, Oregon Affordable Housing Tax Credits (OAHTC), and Local Innovation and Fast Track (LIFT) funds.
Two additional affordable housing developments that previously received gap funding were also allocated Private Activity Bonds and LIHTC, or additional LIFT funds. Find more information about each affordable housing development in the HSC meeting packet.
