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Low Income Housing Tax Credits

About the Program

The LIHTC Program provides tax credits for developers to:

  • construct,
  • rehabilitate, or
  • acquire and rehabilitate qualified low-income rental housing.

These development projects include multifamily and single-family rental housing units. Eligible applicants include both for-profit and nonprofit sponsors. OHCS issues these credits through a competitive Notice of Funds Availability (NOFA) process. There is also a non-competitive application process available. The department reserves and allocates credits on eligible properties. The department set aside a minimum of 10 percent of the credit authority for each calendar year. This applies for nonprofit sponsors. OHCS has another discretionary set-aside of 35 percent for preservation.

Program Materials

The Four Percent LIHTC initial application is an open, non-competitive process to efficiently distribute tax credits to projects with an allocation of tax-exempt bond financing. Four percent credits must be used for affordable multi-unit rental housing development.

For more details on the carryover application process below, please refer to your Production Analyst​. 

Affordable Rental Housing 

Development Resources and Production


Angela Parada
Senior Tax Credit Programs Manager
(971) 273-9780

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