Oregon Legislature Passes Economic Development Tax Credit

Oregon’s state legislature recently passed a bill (SB 817) that creates a matching state tax credit to the federal New Markets Tax Credit to further “incentivize” economic development targeted to hard-hit areas.


Oregon Legislation Would Extend State Tax Credit

The Oregon Legislature has introduce a measure, HB 2527, that would extend the extend the sunset on the Oregon Affordable Housing Tax Credit.


Oregon Names Rick Crager as Interim OHCS Director

After four years as the Executive Director of Oregon Housing & Community Services Victor Merced recently announced he will be leaving his position for new opportunities. Deputy Director Rick Crager will act as Acting Director until a replacement is named by the governor.


Oregon Exploring New 60 Year Affordability Period For Multifamily Programs; Seeks Feedback

Oregon Housing and Community Services Director Victor Merced recently issued a letter to its program partners that explores establishing a standards affordability period across OHCS programs.


Oregon Bill Reforms Business Energy Tax Credit Program

Oregon Governor Ted Kulongoski recently signed into law House Bill 3680, which restructures the state’s business energy tax credit (BETC) program.


Oregon Postpones 2010 LIHTC Funding Round, Favors Preservation

Oregon Housing and Community Services has announced that it will hold one funding round in its 2010 Consolidated Funding Cycle, which includes low-income housing tax credits and other resources, and has postponed the cycle 60 days.


Oregon Schedules Hearings for New Housing Legislation Rulemaking

Oregon Housing and Community Services will hold public meetings to discuss implementation of House Bill 2436, the Housing Opportunity Bill on…


HUD Announces First Round of TCAP Awards

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).


“Oregon Legislature Passes Housing Bill & Budget”

The Oregon State Legislature sent HB 5019, the Oregon Housing and Community Services budget, to the Governor.


Oregon Publishes Implementation Plan for ARRA Programs

Oregon Housing and Community Services has published its draft implementation plan for the Section 1602 (Exchange) and Tax Credit Assistance (TCAP) programs.


States’ ARRA Resource Page

NH&RA will continue to update the ARRA resource page below as information is made available.


Oregon Bill Would Increase Cap on State Housing Tax Credit

A bill (SB 199) has been introduced in the Oregon state legislature that would increase by $4 million the cap on the amount of Oregon Affordable Housing Tax Credits that may be outstanding in any fiscal year, from $17 million to $21 million.

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