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Grant and Tax Credit Programs / HELP Program
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Program News: HELP funds available in the 2012 Consolidated Funding Cycle (CFC)
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| Oregon Housing and Community Services will be offering $240,000 in HELP funds for the 2012 CFC. |
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The HELP Program is funded by monies realized from HUD-authorized refunding of existing bonds issued by the agency and originally used to finance housing projects. Funding of the HELP Program is subsidized by an agreement with the U.S. Department of Housing and Urban Development (HUD) under HUD's Financing Adjustment Factor (FAF) program. HUD shares such monies with bond issuers such as the Department on an equal basis, and attaches certain restrictions and requirements upon the use of funds realized from such refunding. The HELP Program's objective is to provide financial assistance for the construction, acquisition and/or rehabilitation of rental housing for very low-income individuals and families for the purposes of expanding the supply of affordable, decent, safe, and sanitary housing in Oregon.
The Department has, at its discretion, set aside HELP funds for three distinct populations: Homeless, including victims of domestic violence (Housing PLUS definition only), and group homes for persons with development disabilities or chronic mental illness.
Project sponsors are limited to nonprofit or local governmental entities, including housing authorities.
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Questions regarding the HELP Program should be directed to:
Roz Barnes, CFC Manager
Ph: 503.986.2049 | E-Mail
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