Open this email in your browser: #
|
|
|
9% LIHTC Funding Request Window Open: ORCA and Set-Aside Updates |
|
|
Oregon Housing and Community Services (OHCS) announces the opening of the 9% Low-Income Housing Tax Credit (LIHTC) Funding Request Form and updates to the Oregon Centralized Application (ORCA) manual (Version 2.2).
Affordable rental housing projects seeking to request 9% LIHTC resources to develop or preserve housing will have the opportunity to submit their projects for consideration.
|
9% LIHTC Funding Request Form Now Open |
The 9% LIHTC Request Form is now open. As outlined in the State of Oregon 2025 Qualified Allocation Plan (QAP), projects seeking 9% LIHTC resources must complete a 9% LIHTC Request Form as well as an ORCA Project Intake indicating their interest and including key details about their projects that will be used in a competitive selection process. The form will:
|
- Remain open until February 25, 2026, at 11:59 p.m.
- Be used to evaluate, screen, and if necessary, rank 9% LIHTC project requests by the adopted tie-breaker criteria outlined in the QAP.
-
This form collects more detailed information than the ORCA Project Intake Form.
|
-
In addition to completing the 9% Request Form, all projects must also submit an ORCA Project Intake Form listing 9% LIHTC as a requested resource.
-
9% LIHTC ORCA Project Intake submissions prior to December 2025 must submit a new intake form to request 9% LIHTC funding. OHCS will not review 9% LIHTC Request Forms without an updated ORCA Project Intake Form.
-
If you are unclear about your project intake submission timing, please reach out to the ORCA Applications team or Technical Advisors.
-
We currently anticipate that 9% LIHTC project selections will be completed by June 2026. Selected projects will proceed through the ORCA Impact Assessment to receive a conditional award of resources and must meet all ORCA and LIHTC requirements and standards. Project changes from the 9% LIHTC Request Form may jeopardize final funding commitment.
|
Version 2.2 of the ORCA Manual incorporates updates and clarifications for the 9% LIHTC program fund offering as well as updates and extends prequalification to general contractors and management entities. More specifically, the updates include:
|
-
Updated ORCA Set-Aside guidance including updated per project limit on paired resources for 9% LIHTC projects. In addition to 9% LIHTC (which are limited based on QAP policy), projects may apply for paired gap funds based on affordable rental housing project type:
- Preservation: Max $3 million per project
- Permanent supportive housing: Max $4 million per project
- New construction: Max $3 million per project
-
Revised prequalification guidelines and extended prequalification to include general contractors and management entities in addition to sponsors/ owners, developers and consultants.
- Incorporates requirements for 9% LIHTC projects requesting additional gap subsidy for Equity in Contracting or Unique Design Features.
- Incorporates updates to the Development Team Capacity worksheet, Impact Assessment application, and Site Review Checklist. These updated supplemental forms are now available in Procorem WorkCenters.
|
For questions, feedback, or support, please reach out to our Affordable Rental Housing Technical Advisors or use the ORCA Questions and Feedback Portal.
|
|
|
Affordable Rental Housing Quick Links
|
|
|
Accommodations
OHCS is committed to providing meaningful access. For additional accommodations, including translation, interpretation, or information in an alternative format, please contact us at 800-453-5511 or email housinginfo@oregon.gov.
|
|
|
Manage your preferences | Opt Out using TrueRemove™
Got this as a forward? Sign up to receive our future emails.
View this email online.
|
725 Summer St NE Suite B | Salem, OR 97301 US
|
|
|
This email was sent to .
To continue receiving our emails, add us to your address book.
| | |
|
|