The Permanent Supportive Housing (PSH) Risk Mitigation Pool (RMP) was created in 2023 by the Oregon State Legislature to reimburse current PSH property owners for operational costs. A total of $4 million will be available.
The pool may be used for repairing physical damages beyond normal wear and tear or supplementing increased operating costs, such as additional extermination fees or vacancy reimbursement during damage repair. The goal of the Risk Mitigation Pool is to decrease insurance claims, provide stability to OHCS' PSH portfolio, and limit PSH properties' vulnerability to unanticipated operational costs.
Permanent supportive housing is a national model that effectively serves individuals and families experiencing long-term homelessness. By providing on-site, individualized services, PSH leads to cost savings in public systems, particularly within healthcare and justice systems, and long-term housing stability for vulnerable households.
The final funding framework was approved by the Oregon Housing Stability Council in December 2024.
Read the PSH Risk Mitigation final framework.