Oregon Housing and Community Services (OHCS) announced record funding awards at its June Housing Stability Council meeting.
The Housing Stability Council approved all 12 recommended LIFT Rental Award applications from across the state including five from rural communities. All together, these projects will create 1,153 new affordable homes in with awards totaling $70.3 million.
Four projects were awarded LIFT funds to create 55 new affordable homeownership opportunities in communities across the state.
The Housing Stability Council approved funding for five proposals which will create a total of 143 permanent supportive housing (PSH) homes and 391 affordable homes overall.
An additional 378 homes were awarded funding at the June meeting with four percent LIHTC/bond transactions bringing the total to 1,974.
