Oregon Housing and Community Services (OHCS) asset managers evaluate the agency's multifamily housing portfolio to identify financial risk and perform in-depth analyses to discover areas of concern in operations. Asset management collaborates with stakeholders to formulate strategies for asset and operational improvements as well as solutions to maximize property performance.
Asset management is also the primary contact for ownership transfers involving all funding sources supported by OHCS, including grants, tax credits and multifamily loan programs. Transfer of all or any ownership interest in the property or collateral used as security for an OHCS funding source are addressed in the Oregon Administrative Rules (OAR) and the program documents.
Property owner and asset management resources
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Audit Guidefor Bond Program Risk Share and Elderly/Disabled and ARRA Program TCAP and 1602 Exchange
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Qualified Contract & Application & Guide for Housing Tax Credit (HTC) Program: This guide explains the procedures that OHCS and property owners must follow when requesting a qualified contract. Internal Revenue Services (IRS) rules may change, and OHCS may update this guide as needed. Property owners are responsible for complying with all IRS Section 42 requirements.
- A full transfer of ownership, in which the current owner sells the property and legally conveys the deed and all associated rights to the new owner.
- An underlying transfer of ownership, in which a partner leaves the partnership and transfers their rights and interests to a new partner.
- Program‑specific assumptions, applicable only to designated OHCS programs when a buyer will assume the existing OHCS loan (Direct Lending, Elderly and Disabled, and Risk Share).
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LIHTC and Grant Refinance
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Annual financial submission instructions
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Reserve for Replacement Request Portal
For compliance and asset management questions, please email us at:ARH.Portfolio@hcs.oregon.gov. Sign up to receive
Technical Advisoriesto stay up to date on asset management information.