The loan model aims to spur housing production without relying on federal funding while also helping housing providers finance new construction.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW News partner. The full story is here.
A bill to create a revolving construction loan to spur mixed income housing is headed to Oregon Gov. Tina Kotek.
Senate Bill 1567 directs Oregon Housing and Community Services to establish a $20 million revolving loan program to provide subsidized construction loans to market-rate and affordable housing developers. The developers, in exchange, must commit to building affordable units.
The loan model aims
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