Oregon

As of June 30, 2016, Oregon Housing and Community Services has revised its LIHTC and HOME NOFAs. The numbers in bold below are the new updated amounts with the originally reported numbers directly below them in parentheses (see also the original story below).

Oregon Housing Stability Council announced that the 2016 Qualified Allocation Plan has been signed by the state’s governor. 4% LIHTC applications are funded on an ongoing basis. OHSC has developed a new 2-step application process to give predictability over the timing of the 2016 QAP taking effect.

The proposed administrative rules create the program criteria for the Vertical Housing Development Program, which provides local jurisdictions with the opportunity to create vertical housing zones and developers to create vertical housing which is exempt from property taxes. The proposed administrative rules create the program criteria for the Vertical Housing Development Program, which provides local jurisdictions with the opportunity to create vertical housing zones and developers to create vertical housing which is exempt from property taxes. People interested in providing oral or written comments on the proposed rules are invited to attend a public hearing on April 27, 2016.

OHCS will accept comments on the 2016 Draft Qualified Allocation Plan from January 11 through February 10, 2016. A Public Hearing on the 2016 Plan will be held on Tuesday, February 2, 2016 from 2:00 p.m. to 4:30 p.m.

The draft will be presented to the Housing Stability Council on Friday, January 8, 2015. If the Housing Stability Council approves, OHCS will open a formal, 30-day, public comment period.

If your organization is a non-profit organization and you develop housing for families and individuals with low incomes, and you are interested in receiving notices of potential surplus land you can sign up with OHCS.

Oregon Housing and Community Services released the latest draft of its Qualified Allocation Plan. This draft will be presented to the Housing Stability Council on Friday, January 8, 2015.

OHCS will not be posting the 2016 QAP for formal public comment that was anticipated to occur on November 9th, 2015 and the public hearing on the 2016 QAP which was scheduled for Monday, November 16, 2015 from 2:30 p.m. to 4:00 p.m. has been cancelled until further notice.

Oregon Housing and Community Services announced two new affordable housing projects to serve veterans in Oregon, Victory Place in Medford and Victory Commons in Klamath Falls.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Oregon Housing & Community Services presented an updated version of the 2016 draft QAP to the State Housing Council on October 2. OHCS staff is working on revisions based on feedback from the Council.

Oregon Housing and Community Services is in the midst of several planning efforts, including the Qualified Allocation Plan, or QAP, 2016 LIHTC NOFA.