Housing Services:
Affordable Rental Housing Development with Focus on Permanent Supportive Housing

Notice of Funding Availability (NOFA)
STATUS: CLOSED

On April 10, 2007 BHCD and PDC published an expanded Affordable Housing/Permanent Supportive Housing Notice of Funding Availability (NOFA) that included:

• Capital Funding up to 11 million in federal and Tax Increment resources,
• Operating funding up to 1.6 million from HOPWA and City of Portland General Fund and
• Up to 50 Project Based Section 8 vouchers from the Housing Authority of Portland (HAP).

Applications were accepted on an on-going basis with the NOFA remaining open until funds are depleted or December 31, 2007, whichever came first.

At this point, we have committed almost all of our available NOFA funds.  During this funding process, eight (8) projects have received a reservation of funds for capital, operations and/or PBS8 that will result in the preservation and/or development of 472 affordable housing units including 99 new units and 62 deeply affordable/PSH units.

We will continue to evaluate and provide technical assistance to all projects that are submitted prior to February 15, 2007.  Reservations will be awarded based upon the availability of remaining funds and resources.

BHCD and PDC now plan to evaluate the NOFA process.  We will call you and other partners to assist in this evaluation.  The evaluation of the present NOFA, a forecast of federal and TIF funding as well as consultation with OHCS re: the CFC funding cycle modifications will enable us to implement the most appropriate city funding process in Spring 2008.  We anticipate circulating our plan by late March 2008.

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