Oregon Housing and Community Services (OHCS) released a $132.5 million Preservation Notice of Funding Availability (NOFA). These funds are for the preservation of affordable rental housing units, allocated among the following resources:
- Preservation Funds – $62.5 million;
- Oregon Affordable Housing Tax Credits – Based on permanent loan amount from lender;
- State GHAP resources – $10 million; and
- Four Percent LIHTC/Private Activity Bonds (PAB) – $60 million.
Pre-applications are due Oct. 13, 2022. Questions regarding this NOFA should be submitted to [email protected]. Additional information will be provided at a Preservation NOFA webinar on October 11 at 1 p.m. PT, register here.