Oregon Housing and Community Services funds the creation and preservation of 340 affordable homes in October

Oregon Housing and Community Services (OHCS) increases the supply of affordable homes by funding the creation and preservation of 340 homes this month. The dozens of affordable homes are spread across five housing developments across the state.

"Every Oregonian deserves the freedom to feel safe in a home they can afford in a neighborhood they choose," said OHCS Executive Director Andrea Bell. "Every Oregonian should be able to earn a good living and raise their children in a state where they can do better than their parents, regardless of their zip code or background. This is the future that local and state partnerships insist on making possible."

The primary way OHCS is delivering significant housing progress is through its Oregon Centralized Application (ORCA) process. This month, the agency allocated the first portion of 9% tax credits to projects that need to reserve resources and used new 2025-27 legislative investments to fund the first preservation project on the ORCA waitlist. Additionally, OHCS is offering $40 million in to help organizations develop, operate, or preserve affordable housing through ORCA beginning in early October.

These are the new affordable housing developments that OHCS funded this month:

Eight affordable housing developments that previously received gap funding were allocated Private Activity Bonds and Low-income Housing Tax Credits (LIHTC), or additional 501c3 bonds. Find more information about each affordable housing development in the Housing Stability Council meeting packet.