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Multifamily Bond Financing and Loan Programs
 Multifamily Finance and Resources Section / Loan Programs
The Multifamily Finance and Resources Section manages a variety of low-interest affordable rental housing loan programs. Our variety of programs create opportunities for affordable housing developers with all phases of their financing needs including permanent loan programs financed with tax-exempt bonds (Bonds Financing Opportunities). We offer affordable housing developers a combination of one-stop shopping options, which encourages financing versatility and efficiency. Developers may apply for any one of the funding sources or a combination of available funding programs to make developments financially viable. The primary programs the Multifamily Finance and Resources Section administers are as follows:
Pass-Through Revenue Bond Financing Program - Conduit Conduit / Pass-Through Revenue Bond Financing Program
The Program provides tax-exempt bond funds to finance the construction, rehabilitation and acquisition of multi-unit affordable housing for lower-income Oregonians while providing sufficient safeguards to protect the financial interest of the bond issuer. The program provides additional flexibility in the loan structure and providing an efficient process for underwriting and loan approval. 
Elderly and Disabled Loan Program Elderly & Disabled Loan Program
(Temporarily suspended, under construction)

The Elderly and Disabled (E & D) Loan Program provides below-market interest rate permanent mortgage loans by issuing pooled tax-exempt bond financing for affordable multi-unit rental housing projects. Borrowers may apply for this loan for construction of new affordable housing or for acquisition and/or rehabilitation of existing properties. 
Loan Guarantee Program and General (Lease) Guarantee Program Loan Guarantee Program and General (Lease) Guarantee Program
The Programs provide guarantees to lenders to assist in the financing of new housing construction or for the acquisition and/or rehabilitation of existing housing for low- and very low-income families. Guarantees may be up to 25 percent of the original principal amount of a loan.
Manufactured Dwelling Park Preservation Fund Program (MDPP) Manufactured Dwelling Park Preservation Fund Program
The program is designed to assist eligible park resident groups and qualified nonprofits gain control over rising rents or when park owners are considering closing the park.
Mobile Home Parks Purchase Program (MHPP) Mobile Home Parks Purchase Predevelopment Loan Program (MHPP)
The Program is funded by a revolving loan fund to provide repurchased assistance to qualified tenants' associations, tenants' association supported nonprofit organizations, and Facility Purchase Associations with repurchased costs.
Oregon Rural Rehabiliation Loan Program - ORR Oregon Rural Rehabilitation Loan Program (ORR)
The Program provides financial assistance in the form of a loan to borrowers for the construction, acquisition and/or rehabilitation of housing for farm workers and their families; expanding the supply of affordable, decent and safe housing for farm workers and their families.
Risk Sharing Loan Program Risk Sharing Loan Program (Temporarily suspended, under construction)
The Program provides below-market interest rate permanent mortgage loans by issuing pooled tax-exempt bond financing for affordable multifamily rental housing projects. The Department and HUD share the loan risk and through HUD's FHA mortgage insurance program the bond funds receive a AAA credit enhancement.
Vertical Housing Program Vertical Housing Program
The Vertical Housing Program encourages mixed-use commercial/residential developments in areas designated by communities through a partial property tax exemption. The exemption varies in accordance with the number of residential floors on a project with a maximum property tax exemption of 80 percent over 10 years. 
Related Resources:
Transfer of Ownership for Grants, Tax Credits, or Bond Funded Projects
List of Approved Market Analysts
​Grant and Tax Credit Programs 

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