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Housing funding approval to generate millions in economic activity across Oregon
Salem, Oregon (November 13, 2009) -
Nearly $70.5 million in combined grants, loans and tax credits to contractors throughout the state will help fund 444 units of affordable housing, providing hundreds of lower-income Oregonians a place to call home.
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Oregon receives $457,390 to support foreclosure prevention counseling
Salem, Oregon (October 02, 2009) -
Oregon Housing and Community Services has been awarded $457,390 to support foreclosure prevention counseling throughout the state.
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Federal Recovery Act reservations of $28.6 million for
low-income housing
Salem, Oregon (September 23, 2009) -
Governor Ted Kulongoski announced awards totaling $28.6 million in Recovery Act dollars that will reinvigorate and aid completion of 17 low-income housing projects in Oregon.
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Public input sought at housing opportunity meetings
Salem, Oregon (September 16, 2009) -
Starting next week, Oregonians will have a chance to help shape how Oregon Housing and Community Services implements funding received from House Bill 2436 at public forums held throughout the state.
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Recovery Act awards address low-income housing tax credit financing gaps
Salem, Oregon (September 2, 2009) - Governor Ted Kulongoski announced awards totaling close to $19 million in American Recovery and Reinvestment Act (Recovery Act) funds that will aid the completion of seven low-income housing projects. The Oregon Department of Housing and Community Services (OHCS) administers the federal Low Income Housing Tax Credit Program for the state and will lead the implementation of these funding sources.
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Federal funding helps address foreclosure blight with affordable housing
Salem, Oregon (August 27, 2009) - Governor Ted Kulongoski announced today that Oregon Housing and Community Services has awarded $4 million to nonprofit housing entities that will purchase and rehabilitate foreclosed properties.
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Tax credits available for farmworker housing
Salem, Oregon (July 8, 2009) - Oregon Housing and Community Services (OHCS) today announced a continuing funding opportunity for farmworker housing.
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Oregon’s $27.3 million Tax Credit Assistance Plan approved
Salem, Oregon (June 30, 2009) – The U.S. Department of Housing and Urban Development (HUD) today approved Oregon’s Tax Credit Assistance Program (TCAP) application, awarding $27.3 million in federal funds to strengthen affordable housing projects throughout the state.
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State approves housing funds, generating an estimated $844 million
in economic activity across Oregon
Salem, Oregon (June 11, 2009) – Nearly $26 million in combined grants, loans and tax credits to housing developers throughout the state will help fund 435 units of affordable housing, providing hundreds of low-income Oregonians a place to call home.
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Number of homeless people rises throughout state
Salem, Oregon (May 29, 2009) – Spiraling unemployment and inability to pay rent are behind a dramatic jump in homelessness throughout the state, according to data released this week by Oregon Housing and Community Services (OHCS).
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Technical Advisory - Fall 2009 CFC: Preservation
Salem, Oregon (May 6, 2009) –The long-awaited federal guidance this week for implementing key elementsof the stimulus bill creates the opportunity for Oregon Housing and Community Services to move forcefully ahead with a large spring round of its Consolidated Funding Cycle, now underway.
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Oregon seeking $7.8 million stimulus infusion for rural homelessness
Salem, Oregon (April 29, 2009) – Oregon is applying for American Recovery and Reinvestment Act dollars to prevent homelessness and re-house homeless persons outside Oregon's major metropolitan areas.
The state is seeking public comment on its proposal to the U.S. Department of Housing and Urban Development for $7,873,436 under the Homeless Prevention and Rapid Re-housing Program (HPRP). This program is newly instituted as part of the American Recovery and Reinvestment Act of 2009. Not included in this application are Oregon entitlement areas: Portland, Clackamas County, Washington County, Salem and Eugene.
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Housing Division Technical Advisory
Claiming the First-Time Homebuyer Credit
Salem, Oregon (March 20, 2009) – The federal stimulus bill offers an important benefit to Americans beyond the well-publicized $789 billion boost to the economy – a substantial tax credit for first-time homebuyers that need not be paid back in most cases.
Provisions in the American Recovery and Reinvestment Act include notable changes in the tax credit for first-time homebuyers. This tax credit is aimed at helping the housing market get moving again and designed to put people into homes they can afford.
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Affordable housing construction boosts Oregon economy
Salem, Oregon (Februrary 23, 2009)–Public investment in affordable housing development generates significant economic benefit, creates jobs and supports local business, Victor Merced, director, Oregon Housing and Community Services, observed of his department’s newly published Housing as an Economic Stimulus.
This demonstrates that federal stimulus money for housing will add value to Oregon’s economy.
"Each dollar our agency invests in housing creates $11 in benefit to the Oregon economy," according to Merced. "And that doesn’t include the immeasurable benefits to an individual or family of having a safe, quality, affordable home."
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Report on poverty describes the problem at the local level
Salem, Oregon (January 28, 2009)–In 2007, 13 percent of the state’s population, or 474,189 Oregonians, lived on incomes less than the federal poverty level. Nearly 40 percent of families headed by single mothers lived in poverty.
These troubling facts are reported in new Report on Poverty 2008 released today by Oregon Housing and Community Services and the Community Action Partnership of Oregon at the state capitol.
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Oregon’s $19.6 million Neighborhood Stabilization Plan approved
Salem, Oregon (January 16, 2009) – HUD has approved Oregon’s Neighborhood Stabilization Plan that guides $19.6 million in federal funds to communities affected by foreclosures resulting from subprime mortgages.
“Oregon has strong consumer protection laws on the books that enabled the state to take action against more predatory mortgage lenders in 2008 than in previous years, and state-supported counseling services also have helped many families avoid foreclosure in the first place,” Gov. Ted Kulongoski said. “But because it’s impossible to be fully insulated from the nationwide mortgage crisis, we need to prevent the ripple effects of concentrated foreclosures. These dollars will keep communities viable and preserve the value of surrounding homes.”
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