Affordable Housing has been identified by all communities within the MCEDD region as a top priority issue!
Did you know that MCEDD has resources in place that can help?
First identified in a 2013 study, the North Central Oregon Regional Solutions Advisory Committee, in conjunction with the Oregon state legislature, dedicated $2 million in state funds to seed MCEDD’s Attainable Housing Development Revolving Loan Fund. As the need for affordable housing continues to increase each year, MCEDD stands ready to provide supplemental funding as needed for housing projects in our north central Oregon counties!
To be eligible for this fund:
- Projects must be in the North Central Oregon region: Hood River, Wasco and/or Sherman counties.
- Projects must have support from the city or county in that region.
- Projects will provide quality workforce housing. (Housing at price ranges and rental levels that are affordable to workers and worker households in the region.)
- Funding will be in conjunction with commercial bank loans to fill lending gaps for Attainable Housing development projects.
This fund was designed to provide opportunities for working-class residents in the MCEDD region to live where they work. Metrics that were used to identify the affordable market income at 60-120% median family income (“MFI”) can be found on MCEDD’s website, along with the complete policies and checklists for this program.
If you have or are considering a housing project that meets the criteria above,
contact our Loan Fund Manager, Ami Beaver, at 541-296-2266 x 1004.