Oregon Housing and Community Services (OHCS) released a new Average Income Policy, which details the restrictions, utilization requirements and fees for projects electing to use the average income set aside. For competitive applications, this set-aside is only able to be used by projects that had resources reserved after November 7, 2019 and have not made a minimum set aside election on their 8609; competitive applications awarded after this time would only be eligible if they had applied using the Average Income structure.
Questions about existing project transactions can be directed to OHCS production analysts; any other questions or concerns about this Average Income Policy should be directed to: Roberto Franco, assistant director of Development Resources & Production, roberto.franco@oregon.gov.
