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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 is transitioning to a competitive structure and the current application is extended through October 3, 2022, for the consideration of 4% LIHTC projects that could be ready to reach construction closing between January – June 2023.  Please see the Application Materials below.


Application Materials

​OHCS List of Fees and Charges​

INITIAL APPLICATION:

We are currently accepting applications for the 4% LIHTC and PAB that can close between January – June 2023; applications will be accepted through September 25th, 2022.  In order to be considered for resources projects must complete the below 4% LIHTC and Private Activity Bond Application and Pro Forma Document, and the Site Review Checklist and provide along with narrative responses through this web-form: https://app.smartsheet.com/b/form/376510452d954ac697073488807662c5


4% LIHTC and Private Activity Bond Application and Pro Forma Document


Project Site Review Checklist


​​For those projects in our pipeline (with a pre-application acceptance or listed as under review) that are interested in being considered for a 9% LIHTC allocation, please provide a 9% LIHTC application in lieu of a 4% Pro Forma.  


​Pre-Application - UNDER CONSTRUCTION​​​


Application - UNDER CONSTRUCTION​​


Final Application - UNDER CONSTRUCTION​​​






Contact:

Angela Parada
Senior Tax Credit Programs Analyst
Tai Dunson-Strane
Interim Production Manager
(971) 720-3776

Website Questions:
Kimberly.Coven@hcs.oregon.gov


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