New HUD Income Limits Could Substantially Boost Oregon SF Bond Program [And Portland MCC Programs] Income Limits and Purchasing Power. Read more...
After hearing hours of testimony and receiving a flood of emails, the committee scheduled a work session for May 31 to discuss any amendments and decide whether to move the bill forward. Here are a few things to know before Wednesday's session. Read more...
A controversial proposal to create more lower-priced housing was explored during an unusual hearing at the 2017 Oregon Legislature last Thursday. It pitted former allies against each other and included a charge by Oregon House Speaker Tina Kotek of Portland that wealthy homeowners in historic districts are trying to protect properties acquired under racist housing policies by fighting multifamily projects. Read more...
The Oaks is a project of great promise, reducing homelessness and recidivism by providing affordable apartments for tenants whose time in prison or jail makes it hard to find housing. Lane County, Oregon and the nation need more projects like it, along with housing for other low-income populations, but financing is drying up because of uncertainty over federal tax reform. Read more...
The 2017 HOME Income and Rent Limits have been published by HUD and can now be found listed by County on the OHCS website at http://www.oregon.gov/ohcs/Pages/research-income-rent-limits-home-cdbg-2017.aspx
Please note that as required by HUD, these new HOME limits become effective June 15th, 2017.
As always, when mixing HOME with LIHTC, the most restrictive income and/or rent limit must be used. Please check your numbers carefully when calculating mixed units.
Portland Mayor Ted Wheeler speaks to reporters on Thursday, March 9, 2017 at the Oregon State Capitol. Read complete article...
From the April 7th Director's Message:
Guided by the following principles – partnership is central to our work and equity matters – OHCS developed the following goals that will focus our work throughout this year:
Download the OHCS 2017 goals document here.
From the Oregonian Editorial Board, March 16:
(Gordon Oliver/Special to The Oregonian/OregonLive)
As public policy goes, the state's home-mortgage interest deduction that helps shrink Oregonians' tax bills flunks the test of public benefit.
The practice, which allows homeowners to deduct the amount of annual interest they pay to mortgage lenders, will cost Oregon nearly $500 million in lost revenue this year. The subsidy largely benefits higher-income tax filers who are more likely to itemize their deductions and who are the ones securing larger mortgages in the first place. Renters, who arguably pay property taxes just as homeowners do through their rent payments, get no similar benefit.
It's irrational, and several states, including Massachusetts, New Jersey and Ohio, don't allow taxpayers to deduct it in computing their taxable income for state purposes. But will legislators have the stomach to revise this practice?
Read the full editorial here.
By Nigel Jaquiss - March 7th
Democratic lawmakers are testing their mettle this week as they hold a hearing on a sacred cow, the home mortgage interest deduction.
Groups such as the Oregon Center for Public Policy, a left-leaning think tank, and the Oregon Opportunity Network, an association of low-income housing providers, want lawmakers to scale back a tax break that's worth more than $500 million annually, mostly to middle and high income earners.
Read the whole article here.
Our 2017 Housing Opportunity Days will be Wednesday, March 22 and Thursday, May 18. Every session, we host Housing Opportunity Days at the Capitol. These are some of the most important, exciting, and fun days of the session—and we need you to make them a success. On these days, we arrange visits with your legislators, form teams, provide training, and send you off into the building to talk about the Housing Opportunity Agenda. This is a great way to get involved during the legislative session and send a clear message that we need bold action on housing now! For people who have never attended a Housing Opportunity Day before, we promise we’ll make it fun and easy. Carpools will be available. Register here...
Subscribe to E-News
Oregon Opportunity Network is a
501(c)(3) nonprofit organization.
© 2016 Oregon Opportunity Network.
All Rights Reserved
Oregon Opportunity Network
1207 SW Broadway, Suite 400 Portland, OR 97205
Map & Directions