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Homeownership Development Incubator Program (HDIP)

The Homeownership Development Incubator Program (HDIP), established in 2022 with General Funds, creates affordable homeownership opportunities for low- to moderate-income families by providing funding to developers in Oregon.

HDIP Announcements

OHCS Homeownership Development has received $5 million in state General Funds meant to supplement available LIFT funds to support rural development and increased density in urban areas. OHCS will provide these funds through the 2024 NOFA in the form of HDIP LIFT Supplemental funding.

About HDIP

 HDIP Factsheet

HDIP is directly aligned with three aspects of the Statewide Housing Plan, including Rural Communities, Homeownership, and Equity and Racial Justice. The goals of HDIP are to:

  • Create new, affordable homes that respond to local housing needs and are accessible to communities under-represented as homeowners in Oregon including first-generation homebuyers, communities of color, members of tribal nations, individuals with disabilities, and residents of rural communities.
  • Provide Oregonians with low- and moderate-incomes opportunities to both achieve and maintain homeownership and to build generational wealth.
  • Increase the capacity of emerging developers, culturally specific developers, and Tribal housing development organizations to access OHCS funding and engage in homeownership development projects.
  • Incentivize homeownership development in rural areas and foster greater density in urban areas.
  • Spur the construction of diverse and innovative housing types to meet the needs of local communities.
  • Foster climate-resilient, energy-efficient communities.

With a focus on increasing housing supply, HDIP funds can be used for the new construction of affordable homes for purchase, the conversion of existing structures into new affordable homes for purchase, building capacity for new and existing developers, and increasing homeownership for Tribal and related entities. HDIP funds are offered as grants and loans.

HDIP Programs

OHCS offers funds through competitive Notices of Funding Availability (NOFAs) which offer funding in the following categories when applicable:

  • Supplemental LIFT Grants for qualifying LIFT applicants that demonstrate further subsidy is needed beyond the LIFT loan. LIFT projects serve Oregonians at or below 80% of area median income (AMI). Details and eligibility on the 2024 offering will be included in the published NOFA.
  • Development Subsidies for non-LIFT-qualifying projects to fund new construction of affordable homeownership housing units or the conversion of existing structures into new affordable homes for purchase. These subsidies are offered as grants to nonprofit developers and low- to no-interest loans for for-profit developers. Homes built must be affordable to households at or below 120% AMI. This offering is not available in 2024.
  • Grants for Tribal and Sovereign Nations for the development of affordable homes for purchase and other homeownership-related projects such as home repair and down payment assistance. This offering is not available in 2024.
  • Pre-development & Capacity Building Grants for Emerging and Established Developers to build the capacity of organizations that are seeking to develop more housing to increase the pipeline of developers receiving OHCS funding. This offering is not available in 2024.