Publicly supported housing (PuSH) is a type of multifamily affordable housing where the development gets help from public funds or programs. These homes have rules in place that limit how much rent can be charged, making them more affordable for residents. See the full definition in ORS 456.250 (6) and more information in OAR 813-115 Publicly Supported Housing Preservation.
The PuSH Seller’s Tax Credit is a benefit for people selling affordable housing. If the seller sells the property to someone who agrees to keep the rents affordable for at least 30 years, the seller can receive this tax credit. This credit helps buyers negotiate with sellers, making it easier for them to win the bid against other buyers who might not keep the property affordable.
The PuSH Seller’s Tax Credit works alongside the PuSH Contract Preservation process, which focuses on maintaining the existing affordability agreements for the property. These two tools work together to help ensure that affordable housing stays affordable.
OHCS can allocate up to $3 million in tax credits per year and cannot carry forward unallocated funds to future years.
The Oregon Administrative Rules governing the PuSH Seller’s Tax Credit can be found in