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.