Funding Opportunities

NOFA: LIFT Homeownership and HDIP

The Notice of Funding Availability (NOFA) provides an opportunity to apply for loans and grants. OHCS awards these funds through an annual allocation process.

To receive the technical advisories announcing NOFA releases, sign up for OHCS announcements and updates in your inbox.

To read our priorities over the next five years, read our Statewide Housing Plan.

NOTE: An amendment was posted on 2/27/2024. Read more details in the following Technical Advisory Amending Rural Definition.

NOFA #2024-HOD

Local Innovation and Fast Track (LIFT) Homeownership and Homeownership Development Incubator Program (HDIP)

The 2024 NOFA has moved to a rolling NOFA. Funding will be awarded on a first come, first served basis to applicants meeting minimum scoring criteria. The application will be open from Jan. 8, 2024 to Sep. 2, 2024 or until all available funding has been awarded. In general, however:

For applications submitted by March 15, 2024, awards will be announced in May 2024.
For applications submitted by June 3, 2024, awards will be announced in Aug. 2024.
For applications submitted by Sep. 2, 2024, awards will be announced in Nov. 2024.

Notices and Reference Documents

2024 LIFT HDIP Homeownership Development NOFA_Amended 02 24.pdf (updated 2/27/2024)
2024 LIFT HDIP Homeownership Development NOFA Scoring Criteria_Amended 02 24.pdf (updated 2/27/2024)
Updated Rural Eligibility Guidance.pdf (updated 2/27/2024)

Application Materials

All applicants must fill out a pre-application prior to submitting a full application.

The preapplication can be found here: http://tinyurl.com/OHCS2024HODPreApp
A summary of questions in the preapplication can be found here: NOFA 2024-HOD Pre-Application Questions.docx

Within one week after the pre-application is received, OHCS will grant the Applicant access to the full application in the Procorem system. The following files represent the other application components but are for reference only.

NOFA 2024-HOD Application Workbook Amended 02.24.xlsx (updated 2/29/2024)

OHCS will maintain and update this section weekly to maintain an accurate reflection of funding availability and competition to assist applicants in making an informed decision about their application submissions.

Note: Pending pre-applications and applications that have not yet been reviewed are categorized by self-reporting of eligibility for the LIFT Set-Aside and LIFT Supplemental funding. Categories are not duplicative, meaning an application will be counted in only one of the below rows. Pre-Applications and Application should be summed when considering interest expressed but not awarded to date.

	LIFT Funding	LIFT Set-Aside	LIFT Supplemental
Total Available Funding	$20,000,000	$20,000,000	$5,200,000
Total Awarded	$4,130,000	$15,285,606	$3,570,000
Total Remaining	$15,870,000	$4,714,394	$1,630,000
Pre-Applications Pending	$5,750,000	$12,468,000	$800,000
Applications Pending	$5,000,000	$1,398,127	$1,001,837

Optional information sessions will be held on the following dates:

Topic: General Information Session

Jan. 17, 2024, 2-3 p.m.
Recording
NOFA 2024-HOD General Information Training

Topic: Application Workshop

Jan. 22, 2024, 2-3:30 p.m.
Recording

If you have any questions, please refer to this

NOFA 2024-HOD FAQ.docx (updated 2/12/2024)

Because this is not a competitive NOFA, OHCS staff can provide more one-on-one assistance to support partners who are considering applying. Please reach out to HO.Development@hcs.oregon.gov with any questions.

You may also book a 30-minute appointment with Homeownership Development staff here. Meetings are available on Thursdays each week.