The Homeownership Division is dedicated to assisting low to moderate income families. We do this by partnering with Homeownership Centers across Oregon. The Oregon Bond Residential Loan Program assists first time homebuyers. We offer competitive interest rate loans to help Oregonians buy their first home. Using mortgage revenue bonds, these loans increase first time homebuyer’s purchasing power.
OHCS offers funding assistance to our Homeownership Centers. We do this through the Homeownership Assistance Program (HOAP). The program provides services to Oregonians looking for:
- Financial counseling
- First-time homebuyer education
- Down payment assistance
- Foreclosure counseling
These programs benefit low-income homebuyers. Often they might not otherwise have access to homeownership options. They also might not have access to traditional mortgage services.
The Oregon Housing Stabilization Initiative administers foreclosure prevention programs. They accomplish this through the Hardest Hit Funds (HHF).