Oregon Housing and Community Services (OHCS) and the Network for Oregon Affordable Housing (NOAH) launched the Construction Loan Guarantee (CLG) Program. The program decreases risk to lenders, making it easier for developers to access construction loans to build affordable homes for people with low to moderate incomes.
In 2023, the Oregon Legislature allocated $20 million to OHCS to establish the program. Following a request for proposals (RFP) process, OHCS awarded the funding to NOAH to administer the program. Eligible projects may include single-family homes, manufactured home communities, and multifamily rentals.
Visit the NOAH CLG webpage for more program details and how to apply.
