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Affordable Housing Expense Data Summary

Operating Expense Data Summary

Oregon Housing and Community Services Department

Last updated: September 12, 2025

Methodology Notes: Projects with 10 or more units funded with LIHTC, LIFT, HOME, conduit bonds and operating agreements are required to report their balance sheet and profit and loss statement to OHCS on an annual basis, submitted with a template that aligns with HUD's chart of accounts. This study only includes reports that have been approved by OHCS and contain all necessary information to provide improved data quality. Data points that were missing or NA are removed and not included in calculations. Furthermore, outliers were removed as necessary as they suggest data entry errors or unique circumstances that may influence the outcomes of this report. Metrics are an average (mean) of the data unless otherwise noted.

Portfolio Summary

The main dataset equals properties required to submit financial reports, minus Assisted Living Facilities (ALFs), minus reports removed due to blanks/outliers. Number of reports equals number of properties in each year and are used interchangeably in this study. 

Column Titles: Data Summary

  • Fiscal Year: Date Range
  • Financial Reports: Properties required to submit financial reports
  • Submitted Reports: Properties with submitted reports
  • Removed ALFs: Properties removed that are ALFs
  • Outliers: Properties removed due to blanks and outliers
  • Reports Used: The main dataset. I.e., reports used for the analysis
  • Units: The number of units in the main dataset
* OHCS does not have this data for the full 2021 and 2022 dataset, and only calculated based on the information available.  
** Only calculated for properties that have annual senior debt service.

*Only includes reports with a reported property tax expense.

**Salary line items: Office Salary, Property Manager, Payroll (catchall), Payroll Taxes, Payroll Insurance

*Garbage rolls up to O&M, not Utility Expenses.

Portfolio by Geographic Region

Compares the Portland Metro Area (Washington, Multnomah, and Clackamas County) with rest of state. 

*Based on each geographic region. For example, in 2021, 23% of Portland Metro properties in the dataset had a DCR less than 1.1.

Portfolio by Project Size

Compares portfolio by number of units.

*Based on each project size bucket. For example, in 2021, 27% of properties with 4-24 units in the dataset had a DCR less than 1.1

Portfolio by Project Type

Compares portfolio by project type, based on their resident services plan. If a project has any PSH units (anywhere from 3%-100% of total units), they are included in the PSH category. 

*Based on each project type. For example, in 2021, 25% of general affordable properties in the dataset had a DCR less than 1.1