The Portland Housing Bureau (PHB) announces the release of two solicitations:

• Winter 2017 Affordable Housing Notice of  Funding Availability (NOFA)
• Winter 2017 Affordable Housing Preservation Request for Interest (RFI)

The NOFA, RFI, and all associated information can be found online at www.portlandoregon.gov/phb/Winter17

Winter 2017 Affordable Housing NOFA

The NOFA is making available the following Interstate Corridor Urban Renewal Area (ICURA) resources:

• $4,000,000 for affordable multifamily rental housing development or acquisition and rehabilitation
• $9,000,000 for affordable homeownership development
• PHB-owned site at 5020 N. Interstate Ave.

Of the $9M available for homeownership, up to $5M is available to redevelop the PHB-owned site at 5020 N. Interstate Ave, and whatever amount is awarded must be used for this purpose. The remaining $4M is available for homeownership development elsewhere in the ICURA. A map of the ICURA boundaries can be found here.

A mandatory information session for those considering submitting a proposal for the NOFA ONLY will be held:

Thursday February 2, 2017
Noon – 1:30 PM
Portland Housing Bureau offices
421 SW 6th Ave., Suite 500
Portland, OR 97204

At least one representative from each development team MUST attend. Proposers interested in the RFI only need not attend this information session.

Winter 2017 Affordable Housing Preservation RFI

The RFI requests proposals from owners of projects that already have a PHB loan or regulatory agreement (or both) and have identified more than $100,000 in capital needs. Projects may be located anywhere within the city of Portland.

Questions about the NOFA or RFI may be directed to:

Lois Waugh
Housing Portfolio Finance Coordinator
503.823.6017
Lois.waugh@portlandoregon.gov