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OHCS outlines preservation strategy: $50 million in current biennium funding and prioritization criteria
Summary
Oregon Housing and Community Services briefed the committee on its affordable housing preservation framework, the categories of preservation risk, and the agency's current biennium allocation of $50 million for preservation projects.
Michael Parkhurst, policy and initiatives manager in the Affordable Rental Housing Division at Oregon Housing and Community Services (OHCS), briefed the Senate Committee on Housing and Development on Jan. 27, 2025, about the agency's preservation framework and current funding priorities.
Parkhurst described preservation as a distinct policy focus to prevent net loss of affordable units. He identified four preservation categories: (1) federally project-based rent assistance…
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