Oregon

The Draft Oregon 2014 QAP is available for public comment from February 24, 2014 through March 25, 2014 and you may view the draft on Oregon Housing and Community Services’ website. OHCS will host a Public Hearing on the 2014 Draft QAP on Tuesday, March 18, 2014.

The Draft Oregon 2014 QAP is available for public comment from February 24, 2014 through March 25, 2014 and you may view the draft on Oregon Housing and Community Services’ website. OHCS will host a Public Hearing on the 2014 Draft QAP on Tuesday, March 18, 2014.

Oregon Housing and Community Services (OHCS) has adopted temporary rules for the Low Income Rental Housing Program.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.

Due to higher demand for long term bonds in Oregon, the Oregon Housing and Community Services (OHCS) has undertaken an analysis of current charges for bonds and 4% transactions. On June 7, 2013 the State Housing Council moved to approve the change of the 4% LIHTC reservation charge from 6.5% to 12% on all existing applications and future applications using OHCS Bonds. The 4% LIHTC transaction which use private activity bonds that have a PAB committee date set as of July 11, 2013 will not be affected at this time by the changes, though the Oregon State Housing Council will vote on expanding the reservation charge to include 4% LIHTC transactions at the August 2, 2013 meeting.

The Oregon Department of Housing and Community Services (OHCS) recently released its draft 2013 Qualified Allocation Plan (QAP), and proposed Notice of Funding Availability (NOFA).

The Oregon Housing and Community Services will be holding a work session for those interested in providing feedback of the 2013 multifamily housing NOFA draft scoring model on Friday, February 8 .

Oregon Housing and Community Services will hold a partner work session on February 1 (10:30 to 1:00 pm PST) at its offices for a group discussion on issues related to guidelines for new multifamily funding.

Oregon Housing and Community Services (OHCS) recently published an update on its multifamily funding redesign project in conjunction with its January 11 State Housing Council meeting.

Oregon Housing and Community Services (OHCS) released a status update on the Consolidated Funding Cycle (CFC) redesign process. The redesigned CFC is meant to be more efficient and effective process for allocating multi-family housing resources, including the Low-Income Housing Tax Credit and HOME funds.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.