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Mahonia Crossing is a 313-unit affordable housing development in south Salem, Rents for a one-bedroom apartment start at $969 a month. ... based nonprofit started their northwest branch in 2016 ...
Salem leaders voted ... A total of 15% of units at the development would be considered affordable housing designed for those making 80% or less of the median area income. City officials said the ...
The proposed development consists of two phases with the first phase entailing 183 affordable units. The project is also dependent on receiving LIFT funds through Oregon Housing and Community ...
The Oregon Housing and Community Services Department (OHCS) is the housing finance agency of the government of the U.S. state of Oregon.It administers programs providing financing assistance for single family homes, new construction or rehabilitation of multi-family affordable housing developments, and grants and tax credits to promote affordable housing.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Affordable Housing: The Housing Opportunity Bill created a new trust fund to increase affordable rental housing development, help more Oregonians become home owners, prevent homelessness; and maintain and expand the network of community-based nonprofit housing providers.
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