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LIHTC 4 Percent Application and Conduit Bond Financing

The LIHTC program provides low-income tax credits for developers to construct, rehabilitate, or acquire and rehabilitate qualified low-income rental housing. OHCS reserves and allocates 4% non-competitive tax credits on eligible properties.

The Conduit Bond program provides bond issuance services. However, we do not provide the loan or credit enhancement. This program provides funds to finance multi-unit affordable housing for lower-income Oregonians. The program provides funds to construct, rehabilitate and acquire housing developments. The program objectives include additional flexibility in loan structure. Agency staff coordinate with the developers, lenders, and equity to underwrite and approve funding.

This program has transitioned to a competitive structure and the next NOFA will be September 27 – October 27, 2023 with pre-application survey submissions due by October 9th. Projects should meet the readiness to proceed benchmarks and be able to reach financial close by the end of March 2025. Please see the application materials below.

Application Materials

 Updated OHCS List of Fees and Charges


OHCS will make available 2024 Private Activity Bond authority and 4% tax credits to the projects that meet eligibility and intake requirements as described in detail in the below Notice of Funding Availability (NOFA) announced in 9/27/2023 Technical Advisory.

 4% LIHTC / PAB NOFA 2023-10_v1.0

​​​​ OHCS NOFA Application_4% LIHTC

Project Site Review Checklist


​We often provide funding and process updates during the open NOFAs via official technical advisories.  Please sign up for our technical advisories to receive updates. – Make sure to click the box marked “Notices & Technical Advisories: Affordable Rental Housing Development."  ​


Angela Parada
Senior Tax Credit Programs Analyst

Tai Dunson-Strane
Production Manager
(971) 720-3776

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