How MIRL Works

To assist sponsoring jurisdictions (SJ) that choose to implement the Moderate-Income Revolving Loan (MIRL) program, please use the following information. You can find helpful information about the MIRL process, templates, checklists, and forms that can be tailored to the needs of each sponsoring jurisdiction and the project applicants.

Implement Local MIRL Program

Before a sponsoring jurisdiction can submit an intergovernmental agency loan request for project funding, they must implement their local MIRL program by the following:

1. Adopt an originating ordinance or resolution
• Submit a copy to OHCS using the Initiate Master Agreement form.

Initiate Master Agreement

2. Enter into an intergovernmental master agreement with OHCS.
• Before a city may become a sponsoring jurisdiction, the executed intergovernmental county agreement between OHCS and the county must be in place before the city initiates the intergovernmental master agreement process.

Apply for MIRL Project Funds

Once the local MIRL program is established, the sponsoring jurisdiction may begin to review and provisionally approve eligible housing project applications for MIRL project funding. The following resources and materials are required for all MIRL project applications which are used and collected by the sponsoring jurisdiction.

Note:Sponsoring jurisdictions may include additional application requirements.

Affordability tools

• Use the How to determine home sale prices tool can help you determine the home sales prices for eligible MIRL housing projects.
  
• The following rent and income limits are based on the CDBG-DR 120% Income Limits published by U.S. Department of Housing and Urban Development (HUD) on June 1, 2026. Utility allowances must continue to be deducted from rents to achieve the maximum tenant rents allowed. Please note that all definitions and explanations herein may be subject to change upon later IRS and/or HUD clarification. Access the 2026 MIRL Income and Rent Limits.
  

Application materials

Project Application to the Sponsoring Jurisdiction

The project application consists of documents that the developer is required to submit to the sponsoring jurisdiction for the eligible housing project. The documents included in the following list will be available to download and submit using Procorem. Note: Sponsoring jurisdictions may include additional application requirements besides the documents listed.

1. Pro Forma (Rental or Homeownership)
• Pro Forma: Homeownership Housing Project
• Pro Forma: Rental Housing Project
2. Letter of Intent
3. Construction Contract or cost estimates
4. Term Sheet
5. Tax Estimate and Increment Calculation Validation
6. Itemized Eligible Costs
7. Certified Appraisal
8. Phase 1 ESA
9. Site Control Verification. This documentation can be the following:
• Option to purchase
• Purchase and sale agreement
• Copy of the deed
• Appraisal
10. Ownership Integrity Certification Form
11. Affirmatively Furthering Fair Housing Marketing Plan

Provisionally Approved Project Application to the OHCS

Once the sponsoring jurisdiction provisionally approves the project application with the materials listed in the preceding section, they will submit the Intergovernmental Agency Loan Request with additional required materials as follows:

1. Provisionally Approved Application (which includes documents listed in the preceding section)
2. Intergovernmental Agency Loan Request workbook
3. Bureau of Labor and Industries (BOLI) Determination Letter
4. Compliance Narrative
5. If applicable, documentation or certification of Alternative Funding Source Repayment Option
6. Copy of executed Intergovernmental Master Agreement
7. MIRL Project Sponsoring Jurisdiction Acknowledgement Form
8. Zoning

Note: OHCS may require other application requirements in addition to the documents listed.

Intergovernmental Agency Loan Request

Once all required materials are collected, the sponsoring jurisdiction will submit an Intent to Apply form upon provisional approval of a project application. This notifies OHCS that the SJ wants to request an agency loan from OHCS.

Request an Intergovernmental Agency Loan

Award Project Funds and Agency Loan Repayment

Upon approval of the eligible housing project for MIRL funding, the sponsoring jurisdiction will:

1. Enter into an intergovernmental agency loan agreement with OHCS. This agreement will be drafted and executed by OHCS. 
   
2. Enter into a project funding agreement with the developer/project applicant. Refer to the template for the Project Funding Agreement.
   
3. If applicable, adopt a project-specific ordinance. Refer to the template as an example of a Project-Specific Ordinance or Resolution.
   

After, OHCS will disburse project funds to the sponsoring jurisdiction to allocate to the developer for the eligible housing project. MIRL agency loans are repaid to OHCS with one of the following mechanisms and determined in the Agency Loan Agreement and Project Funding Agreement: