Housing Preservation for Developers

OHCS has several ways to support housing developers with affordable housing preservation projects. There are different ways and funding programs that OHCS assists developers with to preserve affordable housing. For example, one preservation opportunity may include extending the affordability of developments with expiring program restrictions, such as in the Low Income Housing Tax Credit program.

Below you will find definitions, program descriptions, and resources to help developers preserve affordable housing in Oregon.

Preservation: means any Project with at least twenty-five percent (25%) of the units having existing federal Project-Based Rental Assistance Contract; and

a) the HUD Section 8 Project-Based Rental Assistance Contract is expiring within seven (7) years of the date of the OHCS NOFA application; or

b) the USDA Rural Development direct mortgage is maturing within seven (7) years of the date of the OHCS NOFA application; or

c) the USDA Rural Development project has a pending prepayment request; or

(Note, USDA Rural Development projects with a maturing mortgage within 3 years of the date of

the OHCS NOFA application, or where the Owner’s prepayment request has been approved, will be prioritized.)

d) the USDA Rural Development project’s restrictive use covenants have expired; or

e) Projects with Public Housing Units undergoing a preservation transaction involving a comprehensive recapitalization, including those converting to HUD Section 8 projects under the HUD Rental

Assistance Demonstration or projects under the HUD Section 18 Demolition and Disposition Programs.

2022 Combined Pool Application

Oregon Affordable Housing Tax Credits (OAHTC)

Preservation of Manufactured Dwelling Parks (PMDP)

Affordable Rental Housing Portfolio Preservation Pool

Opening Date: January 20, 2022
Applications will be Reviewed on a First-Come First-Reviewed Basis and accepted until the Final Application Due Date so long as funds are available.

Final Application Due Date: December 15, 2022
Final Application Due Time: 4:00 PM PST

Application Materials

2022 Combined Pool Application Instructions

Pre-Application #2022-6 OAHTC Preservation Pool

Project Site Review Checklist

Frequently Asked Questions (FAQ)

FAQ for 2022 NOFAs - as of 04/22/22

Questions?

Email Us Here ATTN: Portfolio Preservation

The HUD 811 Project Rental Assistance (PRA) program allows persons with disabilities to live as independently as possible in the community by subsidizing rental housing opportunities which provide access to appropriate supportive services.

In partnership with Oregon Department of Human Services and the Oregon Health Authority, OHCS will accept applications for Project Rental Assistance for new, acquired and rehabilitated or existing affordable housing projects funded by LIHTC, HOME, National Housing Trust Fund, and other state funding programs. This health care/housing agency partnership allows for affordable supportive housing for persons with disabilities. No funds are available for construction or rehabilitation.

Application submittals are contingent on availability of HUD funding. Application awards and Project Rental Assistance Contracts are also contingent upon a housing development project receiving development funding approval from Oregon’s Housing Stability Council, and the completion of an environmental review. Funded projects, new or rehabilitated, with awarded Project Rental Assistance Contract must meet placement in service timelines as established by HUD and or OHCS.