Oregon Housing and Community Services (OHCS) allocates $10 million to create 63 affordable homes in the Oregon Coast and Metro region. The agency used a new non-competitive process to award the funding called Oregon Centralized Application (ORCA).
OHCS launched ORCA earlier this year to replace the traditional individual Notices of Funding Availability (NOFA) with a more efficient and equitable system, ensuring quicker allocation of funds based on project readiness. The first funding reservation approvals under ORCA were granted to Lighthouse Village Apartments in Lincoln City and Shortstack Belmont Apartments in Portland. The projects will now receive a letter of intent to fund so the project can leverage other resources as needed and to firm up the project’s readiness for next steps.
