Press Release   ·   November 4, 2024

Oregon Housing and Community Services invests $165 million to build 550+ affordable homes across Oregon

SALEM, Ore. — On Friday, the Oregon Housing Stability Council approved a significant $165 million investment to help address the affordable housing crisis. This funding will support the construction of eight new housing developments, delivering more than 550 affordable homes to communities statewide. These projects will include 465 new rental homes, 87 homes for low-income homebuyers, and offer rental assistance and support services for residents at The Commons on MLK in Eugene.

“We know there is more work to do, yet these gains show what’s possible when we work together,” said OHCS Executive Director Andrea Bell. “With each new home, we are building a brighter future for the state we love. A future where families won’t be forced to move multiple times in a school year to find an affordable place to live. A future where progress is driven by the community and supported by the state. A future where we bridge the gap between our current reality and our potential, making life better for all Oregonians.”

Development details:

Rental

Development Name	City	Number of homes	Awardee
Elmonica Station	Beaverton	81		REACH CDC and Mercy Housing Northwest
Gussie Belle Commons	Salem	120		Green Light LLC and Seed of Faith Ministries
Legin Commons	Portland	124		Our Just Future and Asian Pacific American Network of Oregon
Marine Drive	Astoria	33		Clatsop Behavioral Healthcare and Edlen & Co
Woodland Hearth	Tigard	63		Community Partner for Affordable Housing
Colonia Libertad II	Salem	44		Farmworker Housing Development Corporation
The Commons on MLK	Eugene	51		Homes for Good

Homeownership

Murphy Crossing 2	Bend	74	Thistle & Nest
Thompson Springs	Tillamook	13	Sammy’s Place

These developments address a critical need for affordable housing and community resources. Many of the rental developments will include spaces for resident services, such as community rooms, playgrounds, and on-site programs. For example, Colonia Libertad II in Salem will offer after-school programs and financial literacy workshops to support agricultural workers and their families.

Homeownership developments, such as Thompson Springs in Tillamook, are designed with affordability and inclusivity in mind. Thompson Springs will incorporate universal design features to meet the needs of individuals with intellectual, developmental, and other disabilities.

About Oregon Housing and Community Services (OHCS) OHCS is Oregon's housing finance agency. The state agency provides financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of low and moderate income. OHCS administers programs that provide housing stabilization. OHCS delivers these programs primarily through grants, contracts, and loan agreements with local partners and community-based providers. For more information, please visit: oregon.gov/ohcs.

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