Changes to funding levels, purpose, scope, location, eligibility, or type of beneficiaries of an activity trigger the requirement for amending the Consolidated Plan and/or Action Plan.
Portland intends to apply to HUD’s Section 108 Loan Guarantee Program. This application triggers a substantial amendment to the approved Action Plan from FY 2024-25.
The City of Portland (City), by and through the Portland Housing Bureau, is submitting this Section 108 loan application for $35 million to assist with affordable housing development and preservation activities in Portland, Oregon. The Section 108 funds will be used to create an Affordable Housing Loan Fund targeted to projects that create or preserve housing affordable to low- and moderate-income households. Loans will be available citywide, however, projects may leverage local tax increment financing (TIF) district resources.
Comments or questions
Kara.Hamilton@portlandoregon.gov
Uma.Krishnan@portlandoregon.gov
Learn more about the 5-Year Consolidated Plan.