Land Acquisition Revolving Loan Program

The Affordable Housing Land Acquisition Revolving Loan Program (LAP) was created in 2017 by the Oregon Legislature to assist eligible organizations in Oregon to purchase land suited for affordable housing development. This includes both affordable rental and homeownership developments. Eligible organizations include:

Local governments
Local housing authorities
Nonprofit community- or neighborhood-based organizations
Federally recognized Tribal Nations in Oregon
Regional or statewide nonprofit housing assistance agencies

Legislative requirements include funding targets for eligible organizations operating homeownership programs and rental housing for low-income families. Funding targets are as follows:

40% of funds for home ownership for low income households (80% or less of area median income)
60% of funds to organizations operating affordable rental housing for low-income Oregonians

It's important to note that any LAP loans must be paid back before an affordable housing project can start any vertical construction.

Land Acquisition Program

For more information, email Fatima Weir.

LAP Manual

Oregon Administrative Rules

Land Acquisition Revolving Loan Program Frequently Asked Questions (Updated as of Aug. 28, 2024)

LAP Recipient List (Updated as of Jan. 7, 2025)

ORCA Question Portal

Intake survey

ORCA Intake for LAP - This video training includes instructions to complete the Oregon Centralized Application (ORCA) Intake Form for the Land Acquisition Revolving Loan Program. These instructions will assist eligible organizations in navigating the updated process for submitting a LAP application for homeownership and affordable rental housing developments. Please note: LAP applications do not count toward the project limits per ORCA step.

Updated as of: Jan. 7, 2025

Allocation Specified	Homeownership	Affordable Rental Housing	Pooled
Recycled Funds (Recycled Funds can be used in combination with any of the location-based or culturally specific organization set-asides.)	$1,245,467	$2,523,701	$0
Culturally Specific Organization	$0	$0	$413,000
Metro Counties*	$0	$0	$0
Balance of State (Rural)	$0	$0	$0

*Metro counties as defined by HUD include the following Oregon counties: Benton, Clackamas, Columbia, Deschutes, Jackson, Josephine, Lane, Linn, Marion, Multnomah, Polk, Washington, and Yamhill.

Contact
Email: Fatima Weir
Website questions: OHCS.Webmaster@hcs.oregon.gov
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Land Acquisition Revolving Loan Program

Program Materials

Current Availability of Resources