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.
Eligibility
To be eligible for RMP resources, a PSH property must meet all the requirements below:
- Have at least one PSH unit in the property
- Use Coordinated Entry or other OHCS-approved process to fill PSH units
- Use project-based rental assistance for PSH units
- Provide on-site tenancy support services
- Be part of the OHCS Affordable Rental Housing portfolio
Eligible uses
The RMP is a reimbursement-based program designed to pay for extraordinary costs associated with a property's physical and operational losses connected to the operation of PSH. These are costs that extend beyond a property's standard operating budget and are not being reimbursed by security deposits, insurance payments, or other forms of coverage or reimbursement.
The RMP may be used to reimburse owners of eligible properties for:
- Physical damage beyond normal wear and tear caused by a PSH tenant or their guest(s)
- Operational losses associated with a PSH tenant or their guest(s)
- An administrative fee of up to 5% of the amount of the total eligible costs associated with physical damage and operational losses are allowable (included in the maximum funding allowable for the claim)
Eligible properties must exhaust any local risk mitigation pool or similar program resources before using the RMP funding. If there is a local risk mitigation pool or similar resource available, claimants need to provide documentation that funds from the local risk mitigation resources have been exhausted. OHCS may verify the information directly with local risk mitigation programs.
How to apply
Applicants can apply for RMP funds by submitting the RMP Claim Form via
email to RMP@hcs.oregon.gov. Please
note, this is a separate process from the Oregon Centralized Application
(ORCA).
Important Document