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Bob Gillespie, Division Administrator
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Housing Division Overview
The Housing Division includes three sections offering multiple programs for both multifamily rental housing and single-family homeownership. The multifamily programs, offered through the Housing Finance and Housing Resources Sections, fund the development of new units or acquisition of existing properties that range from housing for persons with special needs to housing for lower income, working Oregonians. The multifamily developments are funded through a combination of programs that include low interest loans, grants and tax incentives. The Single-Family Finance Section provides permanent, lower interest financing for qualified homebuyers and also works with local partners in providing homeownership education programs, an essential element to successful homeownership. It also manages the Community Development Block Grant Program for housing rehabilitation and the Regional Housing Centers.
Housing Division Programs Factsheet.pdf
Housing Finance Section
The Housing Finance Section manages the implementation of affordable housing finance programs including tax-exempt bond financing for multifamily properties. The section is responsible for identifying, underwriting, and closing loans and loan guarantees that conform to program guidelines. Most of the permanent loan programs offer below-market interest rate mortgages from the proceeds of tax-exempt mortgage revenue bonds. In addition to managing current programs, the section is responsible for making improvements to existing programs and developing new programs that are more responsive to the existing need for the financing of affordable housing in Oregon. Income generated by our loan programs provides additional funding opportunities to support low- and moderate-income families with other OHCS programs.
Housing Finance Section Programs
Section Staff Directory
Housing Resources Section
The Housing Resources Section (HRS) administers the department´s grant and tax credit programs. Through its activities, HRS provides housing-related financial assistance and carries out the spirit of the department´s mission to work in partnership to develop, finance, and preserve locally supported affordable housing; and to provide appropriate community-based services.
Housing Resources Section Programs
Section Staff Directory
Single-Family Finance Section
The Single-Family Finance Section´s purpose is to create and sustain partnerships and funding in conjunction with lenders and nonprofit organizations to provide low- and moderate-income first-time homebuyers year-round access to below-market rate home loans, downpayment and closing cost assistance, and homebuyer training opportunities throughout Oregon. The section is responsible for implementing the Residential Loan Program and the Home Ownership Assistance Program. The Residential Loan Program, also know as the "State Bond Loan," offers eligible borrowers increased purchasing power and access to below-market interest rate mortgages. The Home Ownership Assistance Program is funded by the State of Oregon and enables OHCS to fund homebuyer training, counseling and downpayment assistance programs throughout the state.
Single-Family Finance Section Programs
Section Directory
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