The Oregon Housing and Community Services (OHCS) Capital Markets and Debt Management team provides bond issuance services in support of the Homeownership and Affordable Rental Housing Development programs. Bond issuance services for the Homeownership program are designed to finance below-market rate loans for low- to moderate-income Oregonians purchasing single-family homes.
Bond issuance services for the Affordable Rental Housing Development program support the financing of multi-unit affordable housing for lower-income Oregonians.
In accordance with the requirements of TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) and pursuant to section 147(f) of the Internal Revenue Code of 1986, as amended, OHCS must publish public notice, hold a public hearing, and obtain approval from the applicable elected representative before issuing tax-exempt bonds.
The notice must inform the public of the purpose of the bonds and be provided at least seven calendar days before the hearing. The hearing provides an opportunity for the public to submit written comments and/or attend to provide input.
Current Public Notices
The department will receive comments on its proposed issuance of one or more issues of tax-exempt multi-family housing revenue bonds issued under a plan of finance. The proceeds of the bonds will be used to finance or refinance the acquisition, development, construction and equipping of the multi-family apartment projects described below. Oral testimony at the hearings may be reasonably limited by the department.
These meetings are accessible to persons with disabilities and to non-English speakers. Requests for accommodation should be made at least 48 hours before the meeting by calling toll free 800-453-5511, or by emailing
HCS_AdminServices@oregon.gov.
Publication of these notices is not a commitment to, or assurance of, financing or refinancing such project. The department is under no obligation to finance or refinance the listed projects solely by reason of this notice.