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

NOFA #: 2023-10:

2023-10 4% LIHTC NOFA Webinar Training Recording 10-03-2023:

GMT20231003-170508_Recording_1920x1080.mp4

2023-10 4% LIHTC NOFA Webinar Training_10-03-2023

FAQ1_2023-10_NOFAS_10-03-2023

2023-10 4% LIHTC NOFA Pre-Application Stats

Technical Adviories:

Technical Advisories

Transition to 4% Competitive Process Materials:

Program Update Information

4% LIHTC / PAB Process Info & Questions

Video: 4% LIHTC / PAB Process Info & Questions

4% Process Q/A

Archive:

2023-7 4% LIHTC / PAB Recommended for Award List

2023-7 4% LIHTC NOFA Webinar Training 06-21-2023

2023-7 4% LIHTC PAB NOFA Webinar Training Recording.mp4

FAQ1 2023-7 4% LIHTC and PAB NOFA 06-27-2023

2023-7 4% LIHTC PAB Applicants List

Questions?

Email Us Here, Subject: 4% LIHTC / PAB

Updated OHCS List of Fees and Charges

INTAKE APPLICATION PROCESS:

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

PRE-APPLICATION SURVEY:

https://app.smartsheet.com/b/form/c2a2bc714cc8489584178465534c7334

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.

https://visitor.r20.constantcontact.com/manage/optin?v=001j9jAEm-uzFhdSiMgaotZfy3P8BURlrS7 – Make sure to click the box marked “Notices & Technical Advisories: Affordable Rental Housing Development."