Text Size: A+| A-| A   |   Text Only Site   |   Accessibility
Seed Money Advance Loan Program (SMAL) and Market Study Loan Program
Affordable Multifamily Rental Housing financed by the Seed Money Advance Loan Program
Multifamily Loans / SMAL Program
The Seed Money Advance Loan Program and a subsidiary Market Study Program are revolving loan funds that can be used to pay recoverable predevelopment costs before construction loan proceeds are available. The program is intended to facilitate the development of high quality affordable housing by providing below market financing and flexible terms for site acquisition and typical predevelopment expenses. The Market Study Program is for short-term financing of market studies required by the Low Income Housing Tax Credit Program with loans up to $7,500 per project. The Department will underwrite, originate and administer the loans. For more detailed information on the program, please refer to the Predevelopment and Seed Money Loan application.
PDF file Program Factsheet 
 
   Loan Application
 
For More Information:
Shelly Cullin, Senior Loan Officer
Ph: 503.986.2118 | E-Mail
Looking to develop affordable housing in your area?
Contact a Regional Advisor 
Ph: 503.986.2000
Related Resources:
Sign Up for Our E-News!
PDF file Multifamily Housing Section Factsheet 
Microsoft Word file List of Approved Market Analysts
News about Funded Multifamily Rental Housing
Grant and Tax Credit Programs                 

 
Page updated: June 22, 2009

Click here to go to the Oregon Dept. of Veterans' Affairs outreach contact form

Get Adobe Acrobat ReaderAdobe Reader is required to view PDF files. Click the "Get Adobe Reader" image to get a free download of the reader from Adobe.