OHCS will continue to accept application Intake Forms in order to continue to establish a funding pipeline. Staff will continue to move eligible Intake applications into Impact Assessment as applicants desire, and they will continue to review completed Impact Assessment applications.
Applications and projects will proceed for Housing Stability Council recommendation subject to availability of funds or the application will be placed on a waitlist where there is oversubscription of funds.
ORCA Waitlist Policy
- Maximum of two projects in Impact Assessment (both waitlist and non-waitlist projects count toward this two project maximum).
- Developers may remove a project from waitlist and bring a different one into Impact Assessment at any time, if desired.
- This policy is intended to ensure that the projects on the waitlist are the priority projects for each organization.
- OHCS will retain and publish the active waitlists within ORCA on a monthly basis.
- Projects will be placed on waitlist in order of final completed and corrected Impact Assessment application.
- If application is sent back to sponsor for updates where the initial application was not complete, submission date for the waitlist will be reset to when full application corrections are returned to OHCS.
- When there is additional funding available, OHCS will directly notify projects on the waitlist, in order of their place on the waitlist, about the funding.
- Projects will have two weeks from notification to let OHCS know if they will be accepting the recommended resources and to update materials as necessary.
- When OHCS notifies applicants about full subscription of set asides, they can choose:
- To be added to the waitlist and proceed with Impact Assessment reviews; or
- Move the project back to Intake. This is likely be in cases where the project is no longer deemed the priority for a development team and where the developer wants another project(s) to count toward the two project maximum at Impact Assessment.
- If a project has already paid an application charge and goes back to Intake when a wait list is in place, the application charge will be refunded and the project will not be evaluated for Impact Assessment standards. The project will not be placed on waitlist.
Moving projects from waitlist
OHCS will maintain the project application on the waitlist and move projects off when:
- OHCS receives new funding. This could be additional funding is available from 2025 Oregon Legislative session investments that concludes in June of 2025, or any other allocation received from the Oregon Legislature at any point for the purpose of funding affordable rental housing projects.
- Projects in the OHCS pipeline return funds that are sufficient to fund the next project in a set-aside category. This could be from project restructure, projects forfeit their commitment by not meeting standards or timeline requirements, project funding needs shifting through the scrutiny of review or financial commitment processes.