The Multifamily Housing Section administers the department's low-interest loan programs, grants, and tax credits for affordable multifamily rental housing developments. The Section works in cooperation with local partners to provide viable financing packages in order to carry out the department's mission to develop and preserve affordable housing, linked with appropriate services, throughout Oregon. The Multifamily Housing Section funds the acquisition of existing and new construction developments that range from housing for persons with special needs to housing for lower income working Oregonians. The developments may be funded through a combination of programs that include low interest loans (including tax-exempt bond financing), grants and tax incentives. Some programs may be accessed through the competitive Consolidated Funding Cycle (CFC) open usually twice per year, while other programs are open for application year around.
The individual loan, grant and tax credit program summaries are listed below for more detailed information.
