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The Oregon Housing and Community Services Department (OHCS) is the housing finance agency of the government of the U.S. state of Oregon.It administers programs providing financing assistance for single family homes, new construction or rehabilitation of multi-family affordable housing developments, and grants and tax credits to promote affordable housing.
House Bill 2001. House Bill 2001 is an Oregon bill that allows for alternative, more economical types of housing in an effort to preserve outer-city rural areas, such as farms. The bill is especially aimed at reducing the pace of urban sprawl in densely populated cities such as Portland, Oregon, with non-traditional land use zoning.
A $500 million bill focused on increasing housing production has made its way to the Oregon legislature, offering what Gov. Tina Kotek is calling a wide-ranging set of solutions to tackle the ...
Practices like redlining, exclusionary zoning and race-based deed restrictions historically harmed non-white and low-income people, preventing them from accessing housing and city resources ...
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
Gov. Tina Kotek's top priority will be a $500 million housing production bill to jumpstart housing production, and reintroducing aspects of a bill that died at the end of the 2023 legislative ...
The state needs an additional 554,691 homes over the next 20 years to meet demand, and 176,300 of them need to be affordable for those earning less than 60% of area median income, according to the ...
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.