Housing Stability Council

October 7, 2016
Oregon Housing Stability Council Minutes
Consent Calendar for Approval:
Council member Motion Yes No Abstain Excused
Tammy Baney
X
Aubre Dickson 2 nd X
Mike Fieldman X X
Anna Geller
X
Zee Koza
X
Acting Chair, Adolph “Val” Valfre
X
Vote: 5:0:0:1 | PASS
9% LIHTC and HOME NOFA Approvals – Julie Cody, Assistant Director, Housing Finance &
Natasha Detweiler, Housing Finance Policy Analyst
Ms. Cody reminded the Council that the 9% LIHTC and HOME NOFAs are the two largest
multifamily NOFAs that are put out by the agency on an annual basis. This is a large and
complex process that is competitive. She told the Council that this year the programs were
oversubscribed and that for every one approval there were 5 that did not receive funding. The
scoring took into account the updates approved by this Council in the QAP.
For clarity and to make it easier to follow the presentation Ms. Cody and her team opted to break
the NOFAs into 4 sub sections: HOME NOFA; LIHTC NOFA – Balance of State; LIHTC
NOFA – Non-Metro Participating Jurisdiction Region; LIHTC NOFA – Metro Region.
For the HOME NOFA, 3 applications were received and 2 are recommended for funding, one of
which is for preservation.
For the LIHTC NOFA – all regions, 31 applications were received and 11 are being
recommended for funding of which 3 are for preservation additionally four of the projects are
also HOME projects.
Ms. Cody provided some additional information on the With regards to preservation, 31% of all
recommended projects are preservation, 26% of the LIHTC funds are going to preservation
projects, 28% of the LIHTC units are in preservation projects and 64% of the preservation units
are targeting the elderly and disabled populations.
Ms. Cody showed the Council a map of the projects to highlight the statewide distribution of the
recommended projects. She also reviewed the threshold and competitive scoring tables. She also
named and thanked the members of the scoring committee and the process by which they
reached the project consensus scores. She also reviewed the manner in which any leftover funds
were allocated.
Ms. Cody briefed the Council on the process for presentation for each of the projects: each
project will be presented individually. Ms. Detweiler will direct you to the page in the packet
where the motion can be found for each project. The Council will be asked to make the motion
and then to vote for each project. Ms. Detweiler will start with the HOME NOFA approvals and
then move on to the LIHTC NOFA approvals (these will be presented by region).
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