The Frequently Asked Questions (FAQs) and the training materials for both the Low-Income Housing Tax Credit (LIHTC) and HOME Investment Partnership (HOME) Notices of Funding Availability (NOFAs) have been compiled and are posted in the following locations:
LIHTC w/ HOME NOFA #4609: http://www.oregon.gov/ohcs/Pages/nofa-2018-low-income-housing-tax-credits.aspx
HOME NOFA #4610: http://www.oregon.gov/ohcs/Pages/nofa-2018-home-program.aspx
Information gleaned from the FAQs include the following:
- HTF can be given as a loan rather than a grant if specifically requested
- HTF grants can be loaned from the General Partner to the Partnership
- If leveraging local HOME funds, applicants need only submit the letter of intent to fund as proof of consideration
- Third-party cost estimate is not required at time of application, but will be a condition of reservation if the project is selected for funding
- HTF may be combined with Project Based Vouchers
As a reminder, any questions related to the NOFAs must be submitted to the MFNOFA@oregon.gov email address per the NOFA instructions and announcement. Phone calls and direct emails to loan officers will be referred back to MFNOFA@oregon.gov.
