The document discusses housing affordability and finance programs in Oregon. It notes that nearly 1 in 5 Oregon residents live below the poverty line. It then provides data on median incomes and housing costs in several Oregon counties. The rest of the document summarizes various state and federal programs that provide funding such as loans, grants and tax credits to develop affordable housing for low-income individuals and families. It also outlines homeownership assistance programs.

1. Multifamily Finance Programs
Oregon Housing and Community Services
What can Oregonians afford?
Serving Families at Below Income Levels
Housing Finance Program Highlights
Homeownership Program Highlights

2. Oregon
Median Family Income: $61,302
Nearly 1 in 5 residents live below the poverty line (17%)
Clackamas
County
Deschutes
County
Lincoln
County
Morrow
County
Median Family
Income
$75,850 $62,579 $53,585 $50,379
Poverty Rate Nearly one in 10.
(9.3%)
Nearly one in 6.
(15.8%)
Nearly one in 5.
(18.5%)
Nearly one in 6.
(15.5%)
Homeowners &
Renters
7 in 10 Own
3 in 10 Rent
2 / 3 Own
1 / 3 Rent
2 / 3 Own
1 / 3 Rent
7 in 10 Own
3 in 10 Rent
Fair Market Rent
(2 Bedroom)
$922 $803 $751 $637
Average Single
Family Home
Sales Price
$328,100
(METRO)
$293,000

3. In Oregon,
a renter
working full
time at
minimum
wage
afford $473
a month in
rent.
What can Oregonians afford?
Low
Income
In Salem, a family
making 80% of the
Area median Income
can afford $1,116
per month in rent.
Very Low
Income
(Federal)
Very Low
Income
In Salem, a family
making 50% of the
area median income
can afford $698 per
month in rent.
Extremely
Low Income
In Salem, a family
making 30% of the
area median income
can afford $419 per
month in rent.
80% 50%
30%
3
Today in Oregon, too many families and individuals can’t afford a place to call home.
In Salem,
the average
renter
makes
$10.42 an
hour, and
can afford
$542 a
month in
rent.

4. Multifamily Affordable Housing & Manufactured Home Parks
Housing Development Programs
Tax Credits &
Exemptions
Grants Loans Other
Low Income Housing
Tax Credits (LIHTC)
General Housing Account
Program (GHAP)
Oregon Rural
Rehabilitation Loan
Program
Loan Guarantee and
General Guarantee
Program
Oregon Affordable
Housing Tax Credit
(OAHTC)
HOME Investment
Partnerships Program
Conduit Bond Financing
Program
Mobile Home Park
Purchase Program
Vertical Housing
Program
Housing Development
Grant Program
Agriculture Workforce
Housing Tax Credit
(AWHTC)
Low Income
Weatherization Program
(LIWP)
4

5. Available Tax Credit & Exemption Programs in
your Community
• Low Income Housing Tax Credit (LIHTC)
This federal program provides tax credits to developers who construct, rehabilitate,
or acquire and rehabilitate affordable rental housing. Credits are awarded through
a competitive process, and are used for housing that’s affordable to people making
no more than 50 – 60% of area median incomes.
• Oregon Affordable Housing Tax Credit (OAHTC)
This state income tax credit for lenders reduces the interest rate on loans by up to
four percent. Applicants must demonstrate a twenty-year term, and that the
benefit of the tax credit results in reduced rents for low income tenants.
• Vertical Housing Tax Exemption Program
A property tax exemption program which encourages mixed-use commercial and
residential developments. Additional exemptions are available for projects which
serve low income Oregonians (80% of Area Median Income or less).
• Agriculture Workforce Housing Tax Credit
The Agriculture Workforce Housing Tax Credit (AWHTC) Program is designed to give
a state income tax credit to investors who incur costs to construct, install, acquire or
rehabilitate agriculture workforce housing.
5

6. Available Grants & Loans in your Community
• General Housing Account Program (GHAP)
Created in 2009 by the Oregon Legislature, this fund is intended to expand the supply of
affordable housing for low and very low income Oregonians. This fund supports affordable
multifamily housing development and increasing the capacity of partners to meet the
state’s affordable housing needs.
• HOME Investment Partnership Program
These federal funds develop affordable housing for low and very low income Oregonians.
HOME funds are distributed both through local jurisdictions and the state.
• Housing Development Grant Program
The Housing Development Grant Program (Trust Fund) was created to expand Oregon’s
supply of affordable housing for low and very low income Oregonians by providing funds
to construct new housing, or acquire and rehabilitate existing housing.
• Low Income Weatherization Grant
Available funds can be used to increase the efficiency of heating and other energy uses in
multifamily housing.
• Conduit Bond Program
The Department provides bond issuance services, providing funds to finance the
construction, rehabilitation, and acquisition of multifamily affordable housing for lower
income Oregonians. 6

7. Other Available Programs in your Community
• Loan Guarantee and General Guarantee Program
The goal of the Loan Guarantee Program is to encourage the lending community to
make funds available to finance affordable housing projects with special
consideration to those projects which include resident services. The program is
used to guarantee up to 25% of the loan made to finance the development.
• Mobile Home Purchase Program
A revolving loan fund used to provide pre-purchase assistance to qualified tenants
associations, tenants association supported non-profit organizations, and Facility
Purchase Associations.
7

8. Affordable Homeownership Opportunities
8
The Department provides affordable homeownership options through
it’s Single Family Residential Loan Program.
The Residential Loan Program is a below market interest rate home
loan program made possible through the sale of tax-exempt mortgage
revenue bonds.
In addition, through partners, the Department funds first time
homebuyer education classes, down payment assistance, and
foreclosure counseling.
Loans and Grants Education Counseling
Direct to
Homeowner
Residential Loan Program
Through Partner
Organizations
Down Payment
Assistance
First time homebuyer
education classes
Foreclosure Counseling