HUD Magazine Profiles NOAH, Cites Preservation Efforts

The spring 2011 edition of HUD’s Evidence Matters magazine features an article on the importance of bank consortia in preserving and expanding affordable rental housing options. HUD chose to profile the Network for Oregon Affordable Housing (NOAH) as a model for how private investment can effectively meet important housing needs in a specific geographic area. NOAH’s strong reputation for combining high-quality financial products with intensive technical assistance positions it to best address the evolving affordable rental housing demand in Oregon. The article specifically notes the current slew of properties with expiring federal rent subsidy contracts that could leave the affordable housing stock and cites the to-date success of the Oregon Housing Acquisition Fund to preserve those properties. Click here for the full article.

— Posted on 6/16/2011