With the new investments from the 2025 Oregon Legislature, OHCS is now transitioning the ORCA to allocate those funds to projects in the ORCA waitlist pipeline. Though there was significant investment in housing production, it was less than anticipated in the Governor's Recommended Budget, and we expect the resources will be swiftly reserved to projects at the top of our waitlist where the funds are sufficient to do so. Project recommendations to Housing Stability Council will begin in August, and we expect that most resources could be fully committed to projects on the current ORCA waitlist as soon as October of this year.
ORCA Status Update: September 17, 2025
This page provides information about the resources OHCS intends to award through the ORCA by funding source and set-aside. It includes:
- Currently Available Development Resources
- Gap Only Waitlist
- 4% Gap Waitlist
ORCA Currently Available Development Resources
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Last updated: September 10, 2025
- Regional set-asides are further allocated to gap-only and 4% LIHTC projects.
- The following resources are not currently available but will be made available later in the biennium: 9% LIHTC, Preservation & Stabilization, Housing for Older Adults and Persons with Disabilities, LIFT Modular (HB3145)
- Additional Capacity Building Grants are anticipated to be made available in September 2025.
ORCA Set-Asides
Private Activity
Other Resources