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The Recovery Act in Oregon

Housing Impacts
Overview
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Whether it is public housing, providing tax credits for homebuyers, or offering loan programs for rural communities, the Recovery Act was designed to both create jobs and improve our communities.
 
A few examples of housing funding include:
  • $38.5 million in low-income weatherization assistance created greater energy efficiency in homes and helped an underserved community.
  • $27.3 million in Tax Credit Exchange Program funds jumpstarted stalled housing and development projects.
  • $7.9 million in Homelessness Prevention funds provided financial assistance and services to prevent people and families from becoming homeless and helped those who are experiencing homelessness to be quickly re-housed and stabilized.
 
Projects
Homelessness Prevention - The purpose of the Homelessness Prevention and Rapid Re-Housing Program (HPRP) is to provide homelessness prevention assistance to households who would otherwise become homeless—many due to the economic crisis—and to provide assistance to rapidly re-house persons who are homeless.  This existing program received additional Recovery Act funds from the U.S. Department of Housing and Urban Development.
 
Neighborhood Stabilization - Oregon was awarded $6.8 million in competitive Neighborhood Stabilization Program funds to address home foreclosure and abandonment.  Funds were used to purchase and rehabilitate homes and residential properties that had been abandoned or foreclosed upon.
 
Tax Credit Assistance - Administered by the U.S. Housing and Urban Development Department, Recovery Act dollars for the Tax Credit Assistance Program provides additional funds to agencies that allocate federal low-income housing tax credits.  The funds were provided to assist Low Income Housing Tax Credit projects and fill financing gaps caused by the collapse of the tax credit market.  The program jumpstarted stalled housing development projects.
 
Tax Credit Exchange - The Tax Credit Exchange Program allows the Oregon Housing and Community Services (OHCS) Department the option of turning in unused and returned 2008 Low-Income Tax Credits for grant funds.  The program, administered by the U.S. Department of Housing and Urban Development, also allows OHCS to turn in up to 40 percent of the 2009 Low-Income Housing Tax Credits as well.  The funds were provided to fill financing gaps caused by the collapse of the tax credit market to jumpstart stalled housing and development projects.
 
Weatherization - The U.S Department of Energy-Recovery Act Weatherization Assistance Program was designed to reduce energy costs for eligible low-income clients by making their home more energy efficient and to preserve affordable housing.  The program focused on assisting the elderly, disabled, and low-income families with young children. 
 
Project Categories
To learn more about projects near you, take a look at our Tracking the Dollars map to select specific projects or select one of the categories below to learn more about the types of projects funded.  Projects can be divided specifically by the following categories: 
  
 

Community Service
 
Education
 
Employment
 
Energy 
 
Health & Human Services 
 
Housing 
 
Natural Resources
 
Public Safety 
 
Transportation 
 
Workforce 
 
   
 
Other Resources
For more information about these programs, below is a list of pertinent federal and state websites:
 
U.S. Department of Housing and Urban Development - Overview
U.S. Department of Housing and Urban Development - Recovery
Oregon Housing and Community Services Department