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HELP Program

Grant and Tax Credit Programs / HELP Program
                                                                             
                                                                                           
The HELP Program is funded by monies realized from HUD-authorized refunding of existing bonds issued by the agency and originally used to finance housing projects. Funding of the HELP Program is subsidized by an agreement with the U.S. Department of Housing and Urban Development (HUD) under HUD's Financing Adjustment Factor (FAF) program. HUD shares such monies with bond issuers such as OHCS on an equal basis, and attaches certain restrictions and requirements upon the use of funds realized from such refunding. The HELP Program's objective is to provide financial assistance for the construction, acquisition and/or rehabilitation of rental housing for very low-income individuals and families for the purposes of expanding the supply of affordable, decent, safe, and sanitary housing in Oregon.
 
OHCS has, at its discretion, set aside HELP funds for three distinct populations: (1) Persons in Recovery; (2) Homeless, including victims of domestic violence, and; (3) group homes for persons with development disabilities or chronic mental illness.
 
Project sponsors are limited to nonprofit or local governmental entities, including housing authorities.
 
Program Details: 
PDF file HELP Program Factsheet 
PDF file HELP Program Manual
Questions regarding the HELP Program should be directed to:
Don Herman, Program Analyst
Ph: 503.986.2082
                                                                                           
Microsoft Word file
   
How To Apply:                           
Applications are accepted through the Multifamily Housing NOFA.        
 
Applicants must work with a Regional Advisor before any application submission.
       Looking to develop affordable 
housing in your area?
Contact a Regional Advisor 
Ph: 503.986.2000
             
         
                                                                                           
Microsoft Word file
   
Related Resources: 
PDF file
Multifamily Finance and Resources Section Factsheet