Oregon Housing and Community Services (OHCS) funded the creation or preservation of 4,806 affordable rental homes across Oregon. It’s a 50% increase from the 3,208 affordable homes funded in 2024. This growth is significant as the housing industry continues to experience supply chain delays and rising costs.
OHCS is one of the first housing finance agencies in the country to offer a noncompetitive funding process when it launched the Oregon Centralized Application (ORCA) in June 2024. ORCA allowed affordable housing projects to break ground quicker. Before ORCA, it took a year to award funding after the legislative investment. Currently, it takes just 60 days to allocate the funding, six times faster than before.
The Housing Stability Council (HSC) approved funding for a total of 479 homes at seven affordable housing projects across the state, including the Veteran and Elder Village in Pendleton being developed by the Confederated Tribes of the Umatilla Indian Reservation (CTUIR).
