Oregon Housing to Restore Preservation Set-Aside

After a series of NOFA stakeholder input work sessions Oregon Housing and Community Services is proposing a 35% set-aside for preservation projects in their 2014 and 2015 LIHTC NOFAs. They are also considering adopting a broader definition of “preservation project” beginning next year which could include Year-15 tax credit projects and other affordable projects that do not have Project-Based Rental Assistance contracts. The Oregon Housing Preservation Project is working with OHCS to define the expanded universe of projects that will be eligible to access the preservation set-aside. See the OHCS Multifamily Technical Advisory here.

— Posted on 2/13/2014