Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Urban Renewal Agency adopts flexible affordable housing loan policy to create revolving loan tool
Summary
BURA adopted a revised Affordable Housing Assistance Loan Program to allow loans for affordable housing across urban renewal areas, including changes to loan term, origination fee, and flexibility to set affordability terms by application.
The Bend Urban Renewal Agency adopted a revised Affordable Housing Assistance Loan Program to create a revolving loan tool for affordable housing projects within urban renewal areas when the tax increment plan allows.
Urban renewal manager Jonathan Taylor described changes from the 2020 Murphy Crossing policy: the new policy extends program eligibility to all URAs (where the adopted TIF plan permits), provides for a 1% origination/application fee, allows…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
