Funding Opportunities

NOFA: Homeownership Development

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

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

LIFT Homeownership applicants interested in the Factory-Produced Housing initiative (FPH) set-aside should follow the NOFA instructions, but also be sure to fill out the Factory-Produced Housing Selection Form that will be available on the FPH webpage.

NOFA #2026-2027 HOD

The following programs are included in the NOFA:

• Local Innovation and Fast Track (LIFT) Homeownership
• Homeownership Development Incubator Program (HDIP)
• Oregon Affordable Housing Tax Credit (OAHTC)
  
• Preservation of Manufactured Dwelling Parks (PMDP)
  

Key dates

Intake opened for all projects on Feb. 2, 2026. Please allow up to five business days for your intake form to be processed.

PMDP and OAHTC-only applications can be submitted any time after intake has been processed as long as funding is available. LIFT will be awarded according to two funding release schedules:

• For projects that can close by Feb. 26, 2027: 
• Concept proposals accepted: Feb. 17, 2026, to May 3, 2026 
• Concept proposals reviewed on a rolling basis for administrative and threshold reviews. 
• Due Diligence completion deadline: Nov. 3, 2026
• Closing deadline: Feb. 26, 2027 (Closing deadline refers to the day by which applicants must execute LIFT loan documents through escrow.) 
• For projects that can close by Dec. 17, 2027: 
• Concept proposals accepted: Feb. 17, 2026, to April 15, 2027 
• 2027 funding becomes available for due diligence: Sept. 21, 2026 
• Due Diligence completion deadline: Sept. 3, 2027 
• Closing deadline: Dec. 17, 2027

Application materials

OHCS’ annual homeownership funding process begins with a Notice of Funding Availability (NOFA) that outlines available funding sources, eligibility rules, timelines, and scoring criteria. Following the NOFA release, all applicants must submit an intake form to assess eligibility. Next, eligible applicants will fill out a concept proposal providing more details on the project. Concept proposals are reviewed on a first-come, first-served basis to ensure the project meets OHCS’ minimum thresholds.

If the concept proposal passes minimum thresholds and funds are available, the project will move into Due Diligence. Once the Due Diligence stage is complete and necessary approvals are granted, the project will receive a reservation of funds. For a full breakdown of each step, visit the Funds Availability Process page.

Resources

• 2026-2027 Homeownership Development Notice of Funding Availability 
  
• LIFT HO program manual 
  
• Intake form

Official application workbook and other materials are available in Procorem or by request. Email HO.Development@hcs.oregon.gov.

Trainings

Optional trainings were to support applicants. Click the training title to view recordings and stay tuned for more training opportunities later this year. Copies of presentation slides are available upon request.

• Application Essentials: Scoring Rubric to Submission
  
  This technical training is designed for development partners seeking a deeper understanding of the LIFT Homeownership program’s application and evaluation process. The session provides a detailed breakdown of the scoring criteria used to assess proposals, guidance on how to prepare and present required documentation, and tips for aligning submissions with program priorities. 
  

• LIFT Homeownership 101: Navigating LIFT for Affordable Homeownership Developers
  This foundational training is designed for developers or staff members new to the LIFT Homeownership (LIFT-HO) program, which supports the creation of permanently affordable homeownership opportunities using a shared-equity model. 
  
• Applying with Confidence: A Step-by-Step Guide to the HOD NOFA Process
  
  This training provides a detailed walkthrough of the updated biennial multistep application process for the Homeownership Development NOFA. Designed for both new and returning development partners, the session will clarify each stage of the application from initial intent to apply through final award and outline key timelines and documentation requirements. 
  

Available funding

As of Feb. 11, 2026, OHCS had received intake forms for the following:

• 2026 LIFT: 33 projects seeking $106,601,437 in LIFT
• 2027 LIFT: 2 projects seeking $5,283,000 in LIFT
• Predevelopment loans: 7 projects seeking $350,000
• PMDP: 2 projects seeking $14,622,800

LIFT for small, emerging, culturally specific organizations and underserved counties: 

• 2026: $15 million 
• 2027: $15 million

LIFT for all other applicants 

• 2026: $22.5 million 
• 2027: $22.5 million 
  

LIFT for Factory-Produced Housing 

• 2026: $25 million 

Predevelopment loan for LIFT projects: $537,824.50 

OAHTC: $2.5 million 

PMDP: $2,593,298